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Annalyn Kurtz - Apr 29, 2013 8:59 AM ET
The net worth of American households grew by $5 trillion in the first two years of the economic recovery, but not everyone shared in the riches.
The top 7% of American families saw their wealth grow to $25.4 trillion in 2011, up from $19.8 trillion two years earlier. The remaining 93% of Americans experienced a decline in net worth to $14.8 trillion, down from $15.4 trillion, according to a new analysis MORE
Tami Luhby - Apr 24, 2013 2:49 PM ET
Although the Fed has been juicing the economy since late 2008, it doesn't feel that way to many people on Main Street. That's because a key part of the process has broken down.
Tight credit and a large number of underwater homeowners means that many middle-class Americans simply haven't been able to benefit from the Fed's low interest rates.
Now that the housing recovery is underway, that could change, said Federal Reserve MORE
Annalyn Kurtz - Apr 18, 2013 3:17 PM ET
Cue the flashback to summer 2010. Ben Bernanke and other officials at the Federal Reserve were warning that inflation was approaching dangerous lows, perhaps even flirting with the dreaded "D" word -- deflation. Bernanke gave a key speech in Jackson Hole that August hinting that more Fed stimulus might be in the pipeline. Sure enough, it was. The Fed launched QE2 about two months later.
A similar murmur is starting up again: MORE
Annalyn Kurtz - Apr 17, 2013 1:27 PM ET
The number of job openings rose in February to 3.9 million, according to the Labor Department's JOLTS report released Tuesday. This is good news if it translates into new hiring in the next few months.
About 12 million Americans were still unemployed in February, which means for every job opening, there are roughly 3.1 unemployed workers.
By this metric, you can see that the job market has improved substantially since 2009, when MORE
Annalyn Kurtz - Apr 9, 2013 2:59 PM ET
Janet Yellen is the favorite pick for next Federal Reserve chair, should Ben Bernanke step down after his second term ends next January.
At least, that's according to the latest chatter among Fed watchers, including Neil Irwin at the Washington Post's Wonkblog and The Economist.
Of course, neither Yellen nor Bernanke have commented publicly on the matter.
In its 100-year history, the Federal Reserve has never been led by a woman, and worldwide, MORE
Annalyn Kurtz - Apr 4, 2013 6:14 PM ET
Sure, it's nice to rise to occupy a company's corner office ... but how lucrative it is depends on what state you're in.
There's a very wide variation in average CEO pay. Chief executives in some places make $100,000 more, on average, than their peers in other states, according to new federal statistics.
Overall, CEOs earn an average of $176,840 a year, which translates into $85.02 an hour. That seems pretty sweet MORE
Tami Luhby - Apr 1, 2013 3:49 PM ET
Are China's economic statistics accurate?
Pose this question to a group a China watchers and you're likely to receive a variety of responses. Some observers are convinced that China is cooking its books. Others believe state statistics are largely reliable and useful for drawing conclusions about the world's second largest economy. Still others will debate the accuracy of certain data classes, pointing to more meaningful alternatives.
Now we have an opinion from researchers MORE
Charles Riley - Mar 26, 2013 6:57 AM ET
Americans have gotten poorer over the past decade.
The median net worth of American households came in at $68,828 in 2011, down from $81,821 in 2000 (in inflation-adjusted dollars) and far below the peak of $108,585 in 2005, according to recently released Census Bureau stats.
The composition of that wealth has changed over time. Back when Ronald Reagan was president, home equity made up nearly half of young adults' net worth, while interest-earning accounts, MORE
Tami Luhby - Mar 22, 2013 12:24 PM ET
Career site Beyond.com has a nifty new tool that turns your resume into an interactive timeline with graphics.
I gave it a try. Check it out here. You can customize your page through various modules that highlight awards, publications, professional certifications and your skill sets.
If you had numerous short-term jobs (as I did in college), they tend to get jumbled in this format. Of course, if you have a longer career MORE
Annalyn Kurtz - Mar 21, 2013 4:05 PM ET| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.66% | 3.58% | |
| 15 yr fixed | 2.79% | 2.72% | |
| 5/1 ARM | 2.59% | 2.57% | |
| 30 yr refi | 3.64% | 3.57% | |
| 15 yr refi | 2.79% | 2.72% |
Today's featured rates:
| Latest Report | Next Update |
|---|---|
| Home prices | Aug 28 |
| Consumer confidence | Aug 28 |
| GDP | Aug 29 |
| Manufacturing (ISM) | Sept 4 |
| Jobs | Sept 7 |
| Inflation (CPI) | Sept 14 |
| Retail sales | Sept 14 |