Scott Horsley

Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.

Horsley spent a decade on the White House beat, covering both the Trump and Obama administrations. Before that, he was a San Diego-based business reporter for NPR, covering fast food, gasoline prices, and the California electricity crunch of 2000. He also reported from the Pentagon during the early phases of the wars in Iraq and Afghanistan.

Before joining NPR in 2001, Horsley worked for NPR Member stations in San Diego and Tampa, as well as commercial radio stations in Boston and Concord, New Hampshire. Horsley began his professional career as a production assistant for NPR's Morning Edition.

Horsley earned a bachelor's degree from Harvard University and an MBA from San Diego State University. He lives in Washington, D.C.

Gwen Mickens was startled by the prices in the butcher case during her last trip to the supermarket.

"Short ribs are like twice as much as they used to be. And of course the bacon is more expensive as well," said Mickens, a Florida data analyst who was shopping for her husband and adult son. "You kind of close your eyes and just pick it up and throw it in the grocery cart."

Her checkout receipt topped $250.

Much of the country is facing a long, painful recovery from the coronavirus recession. But some communities are getting a head start.

Owensboro, Ky., has already recovered most of the jobs it lost this spring, even as the rest of the country is experiencing a painfully slow improvement in employment.

Updated at 4:37 p.m. ET

Federal Reserve Chairman Jerome Powell said the pace of jobs growth is rising faster than many people expected, but it may take years before the economy has fully recovered.

Updated at 10:19 a.m. ET

U.S. employers added 1.4 million jobs last month, down from 1.7 million in July. The unemployment rate fell to 8.4%, from 10.2% a month earlier.

While the monthly snapshot from the Labor Department shows improvement, job growth has slowed steadily since June in a sign of what could be a long and painful recovery from the pandemic recession.

Copyright 2020 NPR. To see more, visit https://www.npr.org.

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Another 881,000 people applied for state unemployment benefits last week, the Labor Department says. That's 130,000 fewer than the previous week. But the report comes with an asterisk.

The department just changed the way it adjusts claims data to account for seasonal variation. That should make the reports more accurate in the weeks to come. But it also means the reported change from the previous week is not an apples-to-apples comparison.

Without the seasonal adjustment, state unemployment claims rose by more than 7,500.

The pandemic is taking a big toll on the government's bottom line.

The federal government's accumulated debt burden is projected to be larger than the overall economy next year for the first time since 1946. Debt is expected to reach an all-time high of 107% of gross domestic product in 2023.

The nonpartisan Congressional Budget Office expects the deficit to reach $3.3 trillion in the fiscal year ending this month. That's about 16% of GDP — a level not seen since the end of World War II in 1945.

With the start of a new month, some workers may get a boost in their take-home pay. The Trump administration has given employers the option to stop collecting payroll taxes for most workers through the end of this year.

President Trump announced the move three weeks ago, after failing to reach a deal with Congress on a more comprehensive pandemic relief package.

"This will mean bigger paychecks for working families as we race to produce a vaccine," Trump said.

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Starting tomorrow, some workers may get a boost in their take-home pay. That's because the Trump administration has given employers the option to stop collecting payroll taxes through the end of this year. The windfall is only temporary, though. Unless Congress decides to forgive the taxes, employees will have to repay the money next year. NPR's Scott Horsley reports.

Americans spent more money on cars, health care and eating out last month than they did in June. The Commerce Department says consumer spending rose 1.9% in July.

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