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PublishedJanuary 25, 2024
U.S. economy boomed in 2023, thanks to consumers opening up wallets
New GDP figures are expected to show solid growth at the end of last year.
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PublishedJanuary 17, 2024
Retail sales up strongly in December as Americans continue to spend
Economists had expected consumers to pull back on spending in the final 3 months of the year under the weight of credit card debt and delinquencies and lower savings.
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PublishedDecember 26, 2023
Americans spent more during the holidays despite some financial anxiety
This year's sales are in line with what is typical during the holiday season.
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PublishedDecember 15, 2023
Congressional Budget Office projects lower inflation, higher unemployment over next 2 years
The office's Current View of the Economy from 2023 to 2025 report estimates that the unemployment rate will rise to 4.4% by the end of 2024.
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PublishedNovember 29, 2023
U.S. economy grew 5.2% in 3rd quarter, more than first estimated
The government’s other main gauge of economic activity – gross domestic income – rose a more moderate 1.5%.
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PublishedNovember 3, 2023
U.S. employers pull back on hiring in October, add 150,000 jobs in face of higher borrowing rates
Strikes against Detroit’s automakers likely shrank last month's job growth by at least 30,000.
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PublishedOctober 4, 2023
Climate destruction fuels growing sector of the U.S. economy
The overall price tag of global warming has long been the subject of debate. New data from Bloomberg Intelligence has put a number on the cost of burning fossil fuels.
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PublishedJuly 27, 2023
U.S. economy accelerated unexpectedly to 2.4% growth rate despite Fed hikes
Driving the gain was a burst of business investment.
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PublishedJuly 7, 2023
U.S. slowed hiring but still added solid 209,000 jobs in June in sign of economy’s resilience
Many industries are still adding jobs to keep up with consumer demand and restore their workforces to pre-pandemic levels.
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PublishedJuly 7, 2023
Strong labor market growth is pushing aside recession fears
The U.S. economy added 209,000 jobs in June and unemployment fell to 3.6%.
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