#us-economy

#us-economy

The US economy grew at a 3.3% annual pace in the fourth quarter of 2023.

Consumer spending fueled much of the expansion, defying high interest rates and inflation levels. [ more ]

Employment data is crucial for assessing the health of the economy; the April 2024 US data fell short of expectations, signaling potential job creation and economic growth slowdowns. [ more ]

Wages for lower-paid workers have risen substantially faster than wages for the highly paid during the pandemic, contrary to popular belief. [ more ]

Investors hopeful for Federal Reserve interest rate cut after rise in jobless claims. [ more ]

U.S. factory activity contracted in April, job openings decrease, Chinese EV makers saw higher sales, European carmakers lagged, Kraft Heinz sales fell, severe tornado hits Dollar Tree distribution center. [ more ]

Guayule, a desert shrub, shows promise as a domestic rubber source, reducing US dependence on foreign markets. [ more ]

Global economy growing modestly with steady GDP growth projected by OECD. Tight monetary conditions persist but global activity remains resilient. [ more ]

The US economy experienced above-trend growth in 2023, contrary to predictions of a soft landing.

Inflation fell sharply while economic growth remained strong in 2023, reflecting improvement in the economy's supply potential. [ more ]

Tech giants like Google, Microsoft, and Meta are significantly increasing their investments in AI, with plans to spend tens of billions more, leading to increased demand for computer chips and potential strains on the U.S. electrical grid. [ more ]

The majority of US voters have more faith in Trump than Biden on the economy.

The US has not experienced an economic boom under either Trump or Biden. [ more ]

Biden highlights strong economic data, but struggles to garner support

US economy performing well despite initial skepticism [ more ]

There is a disconnect between the strong U.S. economy and public perception

People want to see a decline in prices, not just inflation rates fall [ more ]

US economy added 275,000 jobs in February

Goodyear Tire & Rubber closing Malaysia plant to cut costs by $1 billion [ more ]

Immigration has fueled U.S. economic recovery post-pandemic by filling labor force gaps and meeting long-term work force needs.

Balancing job seekers with opportunities through immigration can help moderate wage inflation, keep prices in check, and address labor demand gaps. [ more ]

US employers added 353,000 jobs in January, exceeding expectations and indicating a strong economy.

The unemployment rate remained at 3.7% and wages rose unexpectedly fast, which could affect the Federal Reserve's plan to cut interest rates later this year. [ more ]

US employers added 353,000 jobs in January, exceeding expectations and indicating the economy's resilience.

Wages rose unexpectedly fast in January, which could complicate the Fed's plans to cut interest rates. [ more ]