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Join Living Room Conversations, our civil dialogue partner, and America Indivisible for a nationwide conversation on April 13, Thomas Jefferson’s 276th birthday. "Reckoning with Jefferson: A Nationwide Conversation on Race, Religion, and the America We Want to Be" will be held via in-person and online video discussions. Sign up today!

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AllSides reveals media bias and helps heal political polarization on violence in America and other related issues, including the economy, unemployment, jobs, trade, workers, business and GDP.

Burst your filter bubble: understand perspectives and stances from liberals, conservatives, progressives, and everyone in between on Economy and Jobs — explore fact checks, data, pro-con arguments and balanced news.

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economy

Elon Musk’s Department of Government Efficiency (DOGE) revealed in a bombshell finding that millions of dollars in unemployment claims have been going to “fake people” who haven’t even been born yet — some not even in this century.

DOGE claimed it reviewed an initial survey of unemployment claims since 2020 that found that 9,700 people whose birth dates aren’t for another 15 years have claimed $69 million in benefits.

In one absurd case, a person whose birthday was listed in the year 2154 claimed $41,000, according to an X post by the department.

Consumer price inflation eased more than expected in March as President Donald Trump prepared to launch tariffs against U.S. trading partners, the Bureau of Labor Statistics reported Thursday.

The consumer price index, a broad measure of goods and services costs across the U.S. economy, fell a seasonally adjusted 0.1% in March, putting the 12-month inflation rate at 2.4%, down from 2.8% in February.

Inflation was more moderate than economists expected last month, according to data released Thursday morning, though President Donald Trump’s tariff threats could drive consumer prices back up in a major fashion.

Consumer prices declined 0.1% month-over-month and rose 2.4% year-over-year in March, according to the Bureau of Labor Statistics’ consumer price index, compared to consensus economist forecasts of a 2.6% annual rise in prices and a 0.1% month-over-month increase, according to FactSet data.

US inflation slowed more than expected in March, according to the first month of consumer price data to account for the impact of President Trump’s sweeping tariff wars.

The Consumer Price Index rose 2.4% over the past 12 months through March, below expectations of a 2.6% rise and beneath last month’s 2.8% figure, the Bureau of Labor Statistics said Thursday.

Core CPI, which excludes volatile food and energy prices, came in at 2.8% — also below projections of a 3% jump and February’s 3.1% figure, according to the government data.

Consumer prices rose 2.4% in March compared to a year ago, marking a cooldown during a period that preceded the recession warnings and market turmoil following President Donald Trump's recent escalation of tariffs. The reading came in lower than economists expected.

Even as overall cost hikes slowed, egg prices soared 60% higher than a year prior. Bird flu has decimated the egg supply, lifting prices higher.

Jamie Dimon, the chairman and CEO of JPMorgan Chase, has his finger on the pulse of America’s financial state – which he claims could have more doom and gloom today than optimism.

"I hear it from just everybody now, ‘I'm going to cut back a little bit, I'm gonna wait, see what happens.’ That is kind of recessionary talk," Dimon said in an exclusive interview on "Mornings with Maria" Wednesday.

Larry Summers has predicted that the U.S. could enter a recession because of President Donald Trump's tariff policies.

Why It Matters

Since Trump announced a minimum tariff of 10 percent on imports from nearly all U.S. trading partners last Wednesday, experts have expressed concerns about a potential recession as markets tumbled.

Bettors on prediction-market startup Kalshi are assessing the chances of the U.S. economy entering a recession this year at 70%. Before President Trump roiled markets with his tariff announcement last week, they were hovering just above 40%.

On Polymarket, another popular betting market, the odds of a U.S. recession in 2025 stood at 65% on Wednesday morning, up from 42% on April 1.

While some people anxiously watch the stock market for signs of a recession, others look for more subtle cues that the economy is in trouble.

One of them is Catherine De Noire, a manager of a legal brothel, a Ph.D. candidate in organizational psychology and an influencer. When business at her brothel unexpectedly dips, De Noire takes it as a sign that the economy is in trouble.