The US economy's safety net is bigger than anyone thought

The Fed's second quarter 2023 data shows US household net worth increased by $5.5 trillion, meaning Americans are spending more while also saving more. Spending is still up Americans have been ... Read More

The US economy added a stronger-than-expected 147,000 jobs in June and the unemployment rate fell to 4.1%

The US job market continues to chug along despite heightened uncertainty about the economy and how President Donald Trump’s tariffs could shake out. Read More

A battery of new data shows how the US economy is holding up amid Trump’s tariffs

A deluge of economic data released Thursday should have provided a clearer picture of how the US economy is faring in the face of President Donald Trump’s massive policy shifts. But the latest numbers ... Read More

Charting the Global Economy: US GDP Falls on Larger Trade Hit - MSN

The US economy shrank at the start of the year, restrained by weaker consumer spending and an even bigger impact from trade than initially reported. The economy’s primary growth engine ... Read More

Why the US economy is doing so much better than the rest of the world

There’s only one industrialized country, Singapore, that spent more money as a percentage of GDP on Covid stimulus than the US from 2020 to 2021, according to research that looked at 166 ... Read More

The Economy's Safety Net Is Finally Gone - Business Insider

Even as interest rates skyrocketed over the past 18 months, strong consumer spending kept the US economy moving. It's what helped fuel a summer of "Barbie," Beyoncé, and Taylor Swift . Read More

US economy shrank 0.5% in the first quarter, worse than earlier estimates had revealed

The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s import taxes at least temporarily disrupted business, the Commerce Department reported Thursday in ... Read More

The economy is doing better than expected. Your 401(k ... - NBC News

Nearly everyone thought a recession was likely to hit last year. Instead, 2023 saw better-than-expected economic growth and falling inflation — cheering Wall Street and retirement savers alike. Read More

US Economy Shrinks 0.2% on Weaker Spending, Larger Trade Impact

The US economy shrank at the start of the year, restrained by weaker consumer spending and an even bigger impact from trade than initially reported. Gross domestic product decreased at a 0.2% ... Read More

The Safety Net Is Good Economic Policy

An analysis by the Council of Economic Advisers shows that when safety net programs are taken into account, the poverty rate actually fell from 26 percent in 1967 to 16 percent in 2012—a ... Read More

The state of the US economy under Joe Biden, in 15 charts

Workers who do find themselves unemployed today are staying unemployed for less time. Early in Biden’s term, the average period of unemployment (using the median) hit 20 weeks. Read More

Charting the Global Economy: US GDP Falls on Larger Trade Hit

The US economy contracted slightly to start the year, largely reflecting a bigger tariff-related trade hit but also a larger downshift in household spending growth than first estimated. Read More