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At 4.3% now, unemployment remains historically low. But wait, there’s context: Job creation has been slowing down in the face of high interest rates, which make it harder for businesses to expand.
Meanwhile, jobless claims data for the week ending Sept. 21 signaled a decline in the number of people filing for unemployment benefits. The Department of Labor saw 218,000 unemployment claims ...
Last year, the resilience of the US consumer shocked economists who widely expected an economic downturn to ensue. “Today’s GDP report makes clear we now have the strongest economy in the ...
This time, the US unemployment rate has risen sharply from 3.7% in January to 4.3% in July — and it is this data that could spur the Fed to slash rates, the analysts added.
New data shows weakening in the US economy – Friday’s jobs report showed that unemployment ticked up to 4.1% in June. Credit card delinquencies and debt are also on the rise.
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 Bureau of Economic Analysis's advance estimate of third quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 2.8% during the period, below the 2.9% growth ...
Investors this year have grown increasingly confident the US economy will achieve a "soft landing." But the election of Donald Trump as the nation's next president has complicated the outlook.
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