We called up some economists to get their take on one word to describe this year’s economy. Mostly, experts said things fell somewhere in the middle of excellent and disastrous, but some had cheerier outlooks than others. Also in this episode, we ring in the new year with a 2025 housing market lookahead and a breakdown of the first congestion pricing program in the U.S., coming to New York City Jan. 5.

Pending home sales grew for a fourth-straight month in November and housing supply just hit a four-year high. But that’s partly because many listings are “stale inventory,” sitting on the market for at least 60 days. Also in this episode: An old material used in a new way for climate-friendly high rises, social media budgeters breathe new life into the cash-in-envelopes strategy, and seniors on Medicare will pay less out of pocket for prescriptions starting Jan. 1.

When workers get more productive, higher wages might follow. So what about jobs that just can’t get more productive? In this episode, we explain why those workers’ wages may rise anyway — a concept called the Baumol effect — with help from an economist who’s also an amateur bassoonist. Plus, the trade deficit is no sweat, a Georgia program trains refugees for tech jobs and we check in with an urban tour guide in Kansas City.

General Electric broke its business into three separate public companies this year, putting a higher profile on corporate spinoff strategies. We’ll explain why spinoffs are hot right now. Hint: It has a lot to do with rewarding investors and managing debt burdens. Also in this episode: Congress may struggle to pass tax reforms despite a GOP majority next year, AI agents might be tech’s next big thing and why the Fed tracks the U.S. money supply.

Car prices tend to go up, but after a period of high interest rates, now is actually a decent time to buy. And Americans are buying — it’s one factor in rising retail sales right now. In this episode, why vehicle sales have revved up. Plus, corporate credit card fraud appears to be rising, breakup recovery is strictly business and retailers prep for potential inventory tumult.

There’s about a 1 in 5 chance your Christmas tree came from North Carolina this year. But growing them isn’t easy. In this episode, we check in with Fraser fir farmers in the Asheville area, who took a major hit from Hurricane Helene. Plus: Christmas Day football streams on Netflix, higher minimum wages for many Americans in 2025, and Arctic tundra is transforming from carbon sink to carbon source.

Consumer confidence, as assessed by The Conference Board, grew steadily the past few months. But in December, the index fell 7%. One likely driver? Agita over President-elect Donald Trump’s tariff proposal. Also in this episode: The Senate passes a pricey bill to fix a decades-old Social Security issue, President Joe Biden announces an investigation into China’s trade practices for chips, and we check in with an Asheville business recovering from Hurricane Helene.

New research from the University of Washington found businesses owned by women and people of color are charged higher rates for loans, costing about $8 billion a year more in interest payments than their white counterparts. Also in this episode, some energy sector updates: Growing global coal demand is powered by data centers and industrialization, and a new Gulf Coast hydrogen hub aims to reduce the carbon footprint of the region’s oil refineries.

Amazon is reportedly postponing a return to in-person work for a portion of its staff due to insufficient office space. It’s not alone. For the first time since the pandemic began, office real estate may be heating up. Also in this episode: Exports, particularly in the electronics sector, drive GDP growth, Chinese importers of U.S. goods prep for retaliatory tariffs and insurers push back against “nuclear” verdicts in personal injury cases.

Nurses, software developers and restaurant cooks are among the jobs predicted to grow the most in the next decade, according the Bureau of Labor Statistics. But some experts warn that predictions can be “spectacularly wrong.” Plus, homeowners cling to low mortgage rates, “exurbs” dominate this year’s most popular housing markets, and we hear from business owners who may struggle if President-elect Donald Trump’s policies push inflation back up.