Economy articles
How much does Medicaid cost in the US?
A combined $949.2 billion in state and federal spending in fiscal year (FY) 2024, the most recent data available. That’s about $2,800 for every person living in the US. As a health insurance program for low-income individuals, Medicaid is jointly funded by both levels of government, with the federal government covering the larger share.
How much does the US federal government spend?
The federal government spent $7.04 trillion in fiscal year (FY) 2025. This averages about $20,600 per person in the US. The amount the government can spend depends on the amount of revenue it collects (e.g., through taxes, customs duties, and other sources). If it has to spend more revenue than it brings in, it borrows the funds, creating debt.
How much money does the US federal government collect?
About $5.26 trillion in fiscal year (FY) 2025. This is about $15,400 per person in the US, however individual contributions vary based on income, spending, and other factors. Government revenue is the total amount of money received from individual and corporate taxes, and other sources that are used to pay for government spending.
What are the biggest drivers of inflation in the past year?
Housing was the main driver of inflation from June 2025 to June 2026. As of June 2026, overall prices increased 3.5% over the previous year. Of this, 1.5 percentage points came from price increases in housing, or about two-fifths of it.The inflation rate is calculated using the Consumer Price Index (CPI), which tracks the price changes of a consistent basket of goods and services over time. Each item in this basket is given a weight that reflects how much the average urban household spends on it. Items with higher weights, like shelter, tend to have a greater impact on the overall inflation rate than other categories. By examining the price changes across different categories, we can better understand the factors contributing to the current inflation rate.
How many civilian jobs are in the US federal government?
There are about 2.69 million civilian jobs in the federal government as of June 2026. Federal jobs include all jobs ranging from janitors to air traffic controllers to nurses to postal workers and more. (Enlisted service people are considered government employees but aren’t included in this figure because they’re not civilians.) Out of the 159 million nonfarm jobs in the US, 1.7% are in the federal government, the nation’s largest employer. Another way to look at it: The federal government is responsible for 1 in every 60 jobs.
What is the federal government's budget deficit?
The federal government’s fiscal year (FY) 2026 budget deficit is about $1.37 trillion as of June. A budget deficit occurs when the federal government spends more money than it brings in through taxes, customs duties, the sale of assets, and other revenues. When the government has a deficit, it borrows money by selling bonds and other securities in order to pay for it, adding to the national debt. A budget surplus, on the other hand, occurs when the government brings in more money than it spends.
How many people have multiple jobs?
In June 2026, about 8.6 million or 5.3% of all people with jobs had multiple jobs. That’s up from the pandemic-era low in June 2020, when 5.5 million workers, about 4% of all employed, had multiple jobs.
Which states have the highest and lowest rates of homelessness?
New York and Oregon have the highest US homelessness rates. Over five years, rates rose in all but four states and Washington, DC.
Why does daylight saving time exist?
Daylight saving, which began as a wartime energy‑saving measure, starts on Sunday, March 8, and ends on Sunday, November 7, 2026.
How much do teachers get paid in the US?
Teachers made about $65,100 per year in 2025. That’s the annual median wage for pre-K-12 teachers across the United States, based on estimates from the Bureau of Labor Statistics. The median marks the middle point—half of teachers earn more and half earn less. The lowest-paid 10% earned $48,200 or less, while the highest-paid 10% earned $104,300 or more.
What is the current inflation rate in the US?
The inflation rate was 3.5%, as of June 2026.
What is the average wage in the US?
The average wage was $1.29K per week in June 2026, 0.3% higher than a year before. The average weekly wage, the typical earnings that employees bring home for one week of work, is a valuable indicator to assess economic conditions, labor market health, and wage trends.
How many homeless people are in the US? What does the data miss?
Of the 745,652 people experiencing homelessness in January 2025, white adults ages 35 to 44 represented the largest demographic group.
How many jobs were added in the US last month?
In June 2026, about 57,000 jobs were gained. That's below the monthly average of 219,400 new jobs of the previous five years. This data comes from the Bureau of Labor Statistics' monthly Employment Situation Report, aka the “jobs report,” a closely watched economic indicators. These figures are often revised in later months as more complete data rolls in.
What is the labor force participation rate in the US?
The US labor force participation rate was 61.5% in June 2026. The labor force participation rate measures the percent of people ages 16 and older engaged in the labor market, including those who are working or who are unemployed but actively looking for a job.
What is the average price of beef in the US?
As of May 2026, the average price of ground beef nationwide was $6.75 per pound. This figure comes from the Bureau of Labor Statistics' (BLS) Average Price data, which tracks the cost of specific items commonly purchased by US households. BLS also tracks broader categories containing many products through the Consumer Price Index (CPI). The CPI category "beef and veal," which includes ground beef along with steaks, roasts, and other cuts, rose 12.9% over the past 12 months.
What is the unemployment rate in the US right now?
Unemployment was at 4.2% in June 2026. That's a 0.1 percentage point decrease from the prior month. The unemployment rate is the percentage of people in the labor force who are actively looking for work but not currently employed. It's a common way to measure the health of the job market and economy.
How many job openings are there in the US?
There were about 7.59 million job openings as of May 2026. The number of job openings increased by 284,000 from May 2025. A “job opening” is defined as a position open on the last business day of the month. To be considered “open,” a job must meet three conditions: (1) There’s work available for the position; (2) The job could start within 30 days; and (3) The employer is actively recruiting.
How many people are laid off in the US each month?
There were about 1.71 million layoffs and discharges in May 2026. This includes all terminations of employment by an employer — called layoffs and discharges — such as permanent layoffs, temporary layoffs, and terminations because of mergers, downsizing, closings, or employee performance.
How long do people wait for subsidized housing in the US?
People waited two years and one month, on average, for subsidized housing in 2025. That’s a 7.4% decrease since 2024, when recipients spent 2 years and 3 months on waiting lists before moving in to subsidized housing.