Below are a few good news economic stories you might have missed since the media created recession fears have been negated by the robust U.S. economy.
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The anti-Trump talking-down-the-economy crowd has America already in a recession, with POLITICO’s Morning Money leading its Thursday morning news with, “…manufacturing in recession and capital expenditures dropping, the strong consumer is the final leg holding up the U.S. economy. But the length of the workweek dipped in July, often a leading signal that employers are cutting back. A sharp slowdown in job creation could follow.”
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The U.S. economy added 130,000 jobs in August, while the unemployment rate remained at 3.7%, according to Department of Labor data released Friday.
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U.S. productivity grew at a strong 3.4% rate in the January-March quarter, the best showing in more than four years, the Labor Department reported Thursday. It was an encouraging sign that productivity may finally be improving after a long stretch of weakness. The first quarter gain was more than…
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by Bethany Blankley The U.S. gross domestic product (GDP) is more than $21 trillion, dwarfing the economies of most other countries in the world. China’s GDP hovers over $14 trillion; Japan’s over $5 trillion. The U.S. is neither the largest country by land mass nor population (4.4 percent of…
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by Tim Pearce The U.S. economy grew at an annualized rate of 3.2 percent in the first quarter of 2019, smashing experts’ expectations, according to the Department of Commerce (DOC) data released Friday. Economists predicted that the federal government shutdown and cold weather that slowed economic activity in parts…
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