Tag Archives: Economy

The U.S. economy expanded at a robust 4.3% annual rate in the third quarter, its fastest growth in two years, powered by stronger consumer spending, increased government outlays and a rebound in exports, the Commerce Department reported Tuesday. Gross domestic product — the total value of goods and services produced …

President Donald Trump used an 18-minute prime-time address Wednesday to deliver a rapid-fire review of the first year of his second term, offering sweeping claims about wages, inflation, immigration, energy prices and drug costs. Some of his assertions aligned partially with available data, but others were misleading or plainly incorrect, …

President Donald Trump used a rare prime-time address from the White House on Wednesday to argue that Democrats are responsible for Americans’ economic struggles, delivering a 17-minute speech that was billed as an economic update but often sounded more like a campaign rally. Speaking rapidly from the Diplomatic Room, Trump …

President Donald Trump’s approval rating remains underwater as he approaches the end of his first year back in the White House, with signs of erosion among his core supporters and growing concern about the economy, according to a new NBC News Decision Desk Poll. The survey found that 42% of …

Casey Quinlan, Georgia Recorder Next year is packed with potential shifts in the economy but many economists and investment analysts expect that the country will likely avoid a recession in 2024 even as growth slows in the first half of the year. States Newsroom talked to economists about their expectations for some key …

Originally published by The 19th The economy notched a month of strong growth in February, surpassing expectations by adding 678,000 net jobs — more than half of which went to women. According to new Bureau of Labor Statistics data released Friday, women gained 347,000 new net jobs in the economy, …

The United States saw substantial economic growth in the final three months of 2021 — and, for the entire year, saw the largest expansion in almost 40 years, the Commerce Department said in a report on Thursday. The department released its report showing how the economy performed in the fourth …

Democratic Congress members are pushing for an increase in funding for high-speed rail in President Joe Biden’s $2.3 trillion infrastructure package. The current proposal includes an $80 billion investment in rail projects, although experts say most of that would go to update existing Amtrak lines versus new investments in rail. …

The unemployment rate in the United States fell to 5.8% as employers added 559,000 jobs to the economy during the month of May. It’s the lowest jobless rate since March of 2020, when unemployment was 4.4%. “It’s great to see a pickup to job growth, but it would have been …

President Joe Biden’s administration is suspending oil and gas drilling in Alaska’s Arctic National Wildlife Refuge. Former President Donald Trump activated the lease before leaving office. All activities were suspended in the Alaskan region on Tuesday by Secretary Deb Haaland until a comprehensive analysis about the impact of drilling is …

President Joe Biden is signing an executive order to increase the minimum wage to $15 an hour for federal contractors. The executive order states that federal agencies will have to include the $15 wage in new contracts by March 30, 2022. In 2014, the minimum wage was increased to $10.10. …

Vice President Kamala Harris announced that $39 billion from the $1.9 trillion American Rescue Plan would be released to help the child-care industry. “The strength of our country, the resilience of our economy, depends on the affordability and availability of childcare,” Vice President Harris said. “When it comes to childcare …