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.

Nicole Wolter runs a factory in Wauconda, Ill., that makes gears and pulleys used in a variety of industrial equipment. She has plenty of orders, but she's straining to get all the parts she needs – and that's creating trouble across the supply chain.

"I'm getting phone calls of 'Hey, you're holding up a $5 million machine,'" says Wolter, adding that customers sometimes offer to pay for overtime in her factory or next-day air delivery. "I think there's just that air of desperation."

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Updated September 14, 2021 at 8:48 AM ET

Prices for beef, pork and chicken have surged during the pandemic, and the Biden administration believes it knows who's partly behind it: a handful of big meatpacking companies that control most of the country's supply.

Beef prices alone jumped 12.2% over the last year, according to new consumer inflation data on Tuesday, making it one of the costliest items in the surging bills that consumers face today at the grocery store.

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Hiring slowed sharply in August as a new surge in coronavirus infections slammed the brakes on the economic recovery.

U.S. employers added just 235,000 jobs last month, a sharp slowdown from the torrid pace of hiring in June and July.

"The labor market recovery has downshifted," said Nela Richardson, chief economist for the payroll processing company ADP. "The U.S. economy is facing increasing headwinds as the pandemic wears on and the delta variant creates uncertainty."

The unemployment rate fell to 5.2% in August from 5.4% in July.

Updated September 6, 2021 at 10:56 AM ET

Emergency unemployment benefits expire nationwide on Monday, ending an important safety-net program that millions of Americans have been relying on during the pandemic.

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Federal Reserve Chairman Jerome Powell said on Friday the U.S. continues to recover from the pandemic recession, and that progress could allow the central bank to dial back its extraordinary efforts to prop up the economy later this year.

Powell cautioned, however, that the recovery remains uneven and unpredictable, and said the Fed will continue to monitor incoming data and adjust its policies as needed.

Like a lot of employers, Dean Burrows is looking for help these days.

Many of the experienced machinists at Gear Motions, the company Burrows runs in Syracuse, N.Y., took early retirement during the pandemic. And finding replacements has not been easy.

"We're not just competing against other manufacturers," Burrows says. "We're competing against the McDonalds, the Amazons. So it becomes challenging to try to position yourself as a company that people want to come to work for."

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