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American companies such as Boeing, Cessna (see: Textron), Lockheed Martin (see: Skunk Works), and General Dynamics produce a majority of the world's civilian and military aircraft in factories across the United States. The manufacturing sector of the U.S. economy has experienced substantial job losses over the past several years.
The economic history of the United States spans the colonial era through the 21st century. The initial settlements depended on agriculture and hunting/trapping, later adding international trade, manufacturing, and finally, services, to the point where agriculture represented less than 2% of GDP.
While the economy is cooling from the torrid pace of the pandemic, fueled by fiscal and monetary stimulus, real gross domestic product (GDP) per capita still expanded by 2.1% in the third quarter ...
Yet with just days to go before the presidential election, the majority of voters say they remain displeased with the state of the economy. America’s economy just achieved the rare feat of a ...
The whole episode illustrates the folly of obsessing about a single data point when trying to assess the state of America’s broad and complicated economy. Viewed on its own, the unexpectedly ...
In the United States the unofficial beginning and ending dates of national economic expansions have been defined by an American private non-profit research organization known as the National Bureau of Economic Research (NBER). The NBER defines an expansion as a period when economic activity rises substantially, spreads across the economy, and ...
America’s economic engine is still revving — and inflation is slowing. Consumer spending accounts for the vast majority of the US economy, about 70% of it. Spending accelerated sharply in the ...
Gross domestic product, the broadest measure of economic output, did slow last quarter to a 3.3% annualized rate. But make no mistake, as Larry David would say, that’s prettaaay, prettaaay good.