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Most of the data suggests that the U.S. economy is doing pretty well—employers added a surprising 254,000 jobs last month, while the unemployment rate fell slightly, to 4.1%.
Today the U.S. economy generates about a quarter of global output. U.S. stocks account for 65% of global equities, while Japan, China and the United Kingdom combined account for just over 10%.
The U.S. economy grew faster than previously reported in Q2 2024 as consumers spent more than expected on goods and services in the three months ended June 30.
The US economy is on the verge of an extremely rare achievement. Economic growth in the first half of the year was solid, with the economy expanding a robust 2.8% annualized rate in the second ...
The United States has a highly developed mixed economy. [40] [41] [42] It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP). [43]As of 2024, it has the world's sixth highest nominal GDP per capita and eighth highest GDP per capita by PPP). [10]
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.
Instead, 2023 saw better-than-expected economic growth and falling inflation — cheering Wall Street and retirement savers alike. The economy is doing better than expected. Your 401(k) probably ...
How is the economy doing right now? Meanwhile, the economy has been resilient despite high prices and interest rates that have especially hurt lower-income households. It grew at a healthy 2.8% ...
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