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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.
The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its ...
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 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 ...
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.
Readers likely left the last edition waiting for a final shoe to drop before the US economy tipped into recession and the 2023 stock market rally ran out of gas. Seven months later, profit ...
This is a list of U.S. states and territories by economic growth rate.This article includes a list of the 50 U.S. states, the District of Columbia, and the 5 inhabited U.S. territories sorted by economic growth — the percentage change in real GDP for the third quarter of 2023 is listed (for the 50 states and District of Columbia), using the most recent data available from the U.S. Bureau of ...
Consumer spending, which accounts for about 70% of U.S. economic activity, accelerated to a 3.5% annual pace last quarter, up from 2.8% in the April-June period and fastest growth since the fourth ...