Scott Horsley

The Labor Department delivers its final jobs report of 2023 Friday morning. The job market held up well last year, despite rising interest rates.

The economic outlook has improved considerably from this time last year, when many forecasters were predicting a recession in 2023.

Will the economy continue to bubble like freshly-popped champagne, or will we suffer a hangover from inflation and high interest rates. Forecasters expect somewhat slower growth and lower inflation.

How did the cost of life in America change this year? Prices overall continued to climb, though more slowly than they had been. And some actually fell.

People in much of the country should enjoy lower heating bills this winter. But many families are still struggling with the cost of staying warm.

The Federal Reserve held interest rates steady today, amid signs of cooling inflation. Policymakers also offered some forecasts of what might be in store next year.

Inflation dipped to 3.1% last month — less than half what it was at the beginning of the year. Falling gasoline prices helped to offset rising rents and medical bills last month.

U.S. employers added 199,000 jobs in November, as the unemployment rate fell to 3.7%. The resolution of the UAW and Hollywood actors' strikes helped to boost those numbers.

The Labor Department reports on November's job gains Friday morning. Forecasters think employers added around 200,000 jobs last month.

Pumpkin pie prices are way up this year but turkeys are a relative bargain. A lot of Americans will be giving thanks this holiday for lower inflation at the supermarket.

Inflation cooled last month, as falling gasoline prices helped to offset rising rents. News of a smaller-than-expected jump in the cost-of-living triggered a rally on Wall Street.

Consumer prices last month were 3.2% higher than the month before — a smaller annual increase than the previous month. A sharp drop in gas prices in October helped to offset rising rents.

Inflation is coming down. The latest cost-of-living report showed lower annual inflation in October than the month before. Falling gasoline prices get much of the credit for that.

A report from the National Association of Realtors shows the average home buyer this past year had a six-figure income. Others face challenges in a period of high prices and costly home loans.

85% of Americans say it's a "bad time" to buy a house. So who's still buying in the current market? An annual survey from the National Association of Realtors offers some insight.

The author of the 'Sahm Rule' is less worried about rising unemployment this time, even though October's rate was up 0.5% from a recent low...a jump typically associated with the onset of recession.

U.S. employers added 150,000 jobs in October — about half as many as the month before. Some cooling in the job market will be welcomed by the Federal Reserve.

The U.S. added 150,000 jobs last month, slowing down from the blistering pace seen in September. The drop was partly the result of an unprecedented autoworkers' strike.

The Federal Reserve left interest rates unchanged Wednesday, but left the door open to additional rate hikes in the future, if necessary, to curb inflation.

The Federal Reserve is expected to hold interest rates steady on Wednesday. But with inflation still elevated, policymakers may leave the door open to an additional rate hike in the future.