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The US economy remained shockingly robust in the fourth quarter to close out a remarkably strong 2023 as consumers and businesses continued to spend, crushing expectations of a recession.
Through the year's first seven months, 2023 has defied investor expectations. The US economy continues to grow as economists abandon recession forecasts. The stock market has staged a rebound ...
The United States has a highly developed mixed economy. [44] [45] [46] It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP). [47]As of 2024, it has the world's sixth highest nominal GDP per capita and eighth highest GDP per capita by PPP). [10]
The Jan 2023 chart Best Fit of 7.7%, is an updated fit versus 2021 plot’s 7.5%. The lower cluster also has two roughly parallel S&P 500 curvy plots taken from the upper cluster S&P 500 plots but are LESS Inflation so look different and have less slope.
The following reports on economic indicators are reported by United States government agencies: Business activity Wholesale Inventories; Industrial Production (Federal Reserve) Capacity Utilization; Regional Manufacturing Surveys (purchasing managers' organizations and Federal Reserve banks) Philadelphia Fed Index (Federal Reserve Bank of ...
Typically, the rule suggests the US economy has entered a recession if the three-month average of the national unemployment rate has risen 0.5% or more from the previous 12-month low.
The U.S. economy, the world's biggest, displayed remarkable resilience in the face of the 11 interest rate hikes the Fed carried out in 2022 and 2023 to fight the worst bout of inflation in four ...
The JOLTS report or Job Openings and Labor Turnover Survey is a report from the Bureau of Labor Statistics measuring employment, layoffs, job openings, and quits in the United States economy. The report is released monthly and usually a month after the jobs report for the same reference period. Job separations are broken down into three ...