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Economy news archive · December 2025

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States Increase Minimum Wages Effective January First, 2026

United States. State governments and labor agencies announced nationwide minimum wage increases effective Jan. 1, 2026. Ohio will raise non-tipped pay to $11.00 and tipped to $5.50, with the applicability threshold risin…

U.S. Gas Prices Drop Ahead Of New Year

United States — Gas prices fell across multiple states this week, recently, driven by higher refinery outputs and growing gasoline inventories, according to GasBuddy data and local news reports. National average gasoline…

U.S. Weekly Claims Fall, Labor Market Shows Resilience

WASHINGTON The Labor Department reported Tuesday that weekly U.S. unemployment claims fell by 10,000 to 214,000 for the week ending Dec. 20, below the 232,000 analysts had forecast. The release moved earlier because of t…

Education Department Starts Wage Garnishments Early 2026

Washington — The Department of Education said Tuesday it will begin garnishing wages of borrowers in default, sending notices to about 1,000 people the week of January 7 and expanding monthly in coming months. Millions a…

Washington: Consumer Confidence Falls After Tariffs, December Drop

Washington — The Conference Board reported that consumer confidence fell 3.8 points to 89.1 in December from a revised 92.9 in November. The short-term expectations index remained at 70.7 for the eleventh consecutive mon…

U.S. Gas Prices Fall Ahead Of Christmas Travel

United States. Gas stations across multiple states reported falling pump prices this week as holiday travel approaches. GasBuddy and AAA data show national average gasoline dropped to about $2.79 per gallon, with state a…

U.S. Consumer Inflation Moderates Amid Delayed Government Data

Washington. U.S. consumer prices rose 2.7% year over year in November, the Labor Department reported Thursday after a delayed data collection caused by a 43 day federal government shutdown. Core CPI, excluding food and e…

U.S. Inflation Slows to 2.7% in November Report

Washington — The Labor Department reported Thursday that the Consumer Price Index rose 2.7% year‑over‑year in November, down from 3.0% in September. The release was delayed eight days by a 43‑day federal shutdown that pr…

Trump credits tariffs, announces military $1,776 'Warrior Dividend'

Washington — President Donald Trump told the nation on Wednesday that tariffs and passed legislation have driven investment and economic growth, and announced a $1,776 'Warrior Dividend' payment to about 1.45 million ser…

Municipal and State Tax Changes Affect Revenue, Ballots Approaching

United States. State and local governments reported revenue shifts this week as officials proposed and approved tax changes. Louisiana's Revenue Estimating Conference recorded a $217 million revenue excess after 2024 inc…

U.S. Posts Mixed Jobs Figures; Unemployment Rate Rises

WASHINGTON The U.S. added 64,000 jobs in November and lost 105,000 in October, the Labor Department reported Tuesday after delays from a 43‑day federal shutdown. The unemployment rate rose to 4.6 percent, the highest sin…

Nationwide Gas Prices Drop Ahead Of Holiday Travel

United States. National and state-level reports show gasoline prices fell across multiple regions this week as AAA and GasBuddy data recorded multi-week declines. Florida, Utah, Michigan, Montana and Wyoming reported low…

Federal subsidies, regional breaks prompt urgent water actions

United States. Researchers and municipal authorities reported multiple water-related developments this week: a study found the federal government charges large agricultural water agencies far lower wholesale prices than …

States Report Divergent September 2025 Employment Outcomes

United States state employment reports released this week show mixed labor-market signals for September 2025. State labor departments reported varied unemployment rates—Connecticut 3.8%, Ohio 4.8%, Oregon 5.2%, Indiana 3…

U.S. Jobless Claims Rise; Continuing Claims Fall Again

WASHINGTON, The Labor Department reported Thursday that initial U.S. unemployment benefit applications for the week ending Dec. 6 rose by 44,000 to 236,000, exceeding analysts' 213,000 forecast. Continuing claims for the…

Poll shows sharp declines in Trump's approval ratings

Washington — A new AP‑NORC poll this week found President Donald Trump's public approval for handling the economy has fallen to 31%, down from 40% in March, and his immigration approval declined to 38% from 49%. The surv…

U.S. Federal Reserve Cuts Rates Amid Rising Uncertainty

Washington — The Federal Reserve cut the federal funds rate by 25 basis points on Wednesday, lowering the target range to 3.5 to 3.75 percent. Jerome Powell-led Federal Open Market Committee said uncertainty about the ec…

Washington Fed Cuts Rates, Signals Pause Ahead Now

Washington. The Federal Reserve cut its benchmark interest rate by 25 basis points Wednesday, lowering the federal funds target to 3.50–3.75 percent after a two-day FOMC meeting. Chair Jerome Powell said officials will w…

Fed Cuts Rates Again, Signals Pause Next Year

WASHINGTON The Federal Reserve on Wednesday cut its benchmark interest rate by 25 basis points, marking the third consecutive reduction, and projected a slower path for future cuts. The FOMC lowered the federal funds rat…

National Gas Prices Fall Below Three Dollars Nationwide

United States. National gasoline averages fell below $3 this week, with GasBuddy reporting a $2.90 national average and AAA reporting $2.95 as of Dec. 8, 2025. Multiple state-level reports show varied local movement: Wyo…

US Officially Assumes G20 Presidency, Excludes South Africa

United States — The U.S. assumed the G20 presidency on Dec. 1 and announced priorities to refocus the forum on economic growth, regulatory reform, energy supply security and technological innovation. The State Department…

Gas Prices Fall Nationwide Ahead Of Holiday Travel

United States. GasBuddy data showed the national average gasoline price fell below $3 per gallon over the Thanksgiving weekend, and local outlets reported week-over-week declines in multiple states this week. Drivers in …