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.
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Consumer prices jumped 5.4% in the last 12 months ending in September. That matches the highest level of inflation in 13 years.
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Runaway prices pose a great risk to the economy. People are paying more for everything from meat to rent and gasoline. Reasons include snarls in the global supply chain and lack of workers.
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Makers of everything from pasta sauce to vinegar say it's getting harder to find glass bottles for their products, and it's leading to higher prices. -
Makers of spaghetti sauce, vinegar and liquor all say they're struggling with yet another pandemic shortage — this time of glass jars and bottles.
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Three U.S.-based economists are sharing this year's Nobel memorial prize for their work on "natural experiments" which get around the need for controlled experiments.
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Their work drew conclusions from unintended experiments, or so-called natural experiments — real events or policy changes that can be studied empirically to answer important questions in society.
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September's job gains fell short of expectations, with U.S. employers adding just 194,000 jobs. The unemployment rate fell below 5%, but that was in part because people dropped out of the workforce.
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Employers added 194,000 jobs in September, a second month of disappointing growth. Employers added 194,000 jobs in September, down from a revised 366,000 jobs in August, the Labor Department says.
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September was supposed to be the month that Americans went back to work. Job gains are expected to be stronger than they were in August, but hiring is unlikely to match the levels of early summer.
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The Biden administration wants banks to report more information on people's accounts so it has a better idea of whom to audit.
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Senate Republicans once again blocked an effort to increase the government's borrowing authority, raising the risk of an unprecedented federal default in less than three weeks.
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Treasury Secretary Janet Yellen warned lawmakers the government could run out of money by Oct. 18 unless Congress raises the debt ceiling.
