US economy added 223,000 jobs in December, lowest monthly increase in two years
The Labor Department said Friday the U.S. economy added 223,000 jobs in December – the lowest monthly increase in two years.
US Economy
Pastors Reveal Troubled US Economy Is Having Negative Impact on Churches
While some churches across the country are shaking off the financial effects of the COVID-19 pandemic, a new survey of pastors reveals the troubled economy is now having an adverse financial effect on their churches as well.
Final GDP reading shows US economy shrank 0.6% in the spring, cementing start of recession
The U.S. economy shrank for the second consecutive quarter in the three months ended June, according to the final estimate from the Bureau of Economic Analysis, meeting the criteria for a so-called technical recession as raging inflation and higher interest rates weighed on spending.
Inflation so high, millions of Americans struggle to pay for food
A new government report showed millions of Americans are struggling to pay for food, fuel, and rent as US inflation in August remained at 40-year highs, USA Today reports.
US Economy Abruptly Slowing Adding Only 235,000 Jobs
U.S. President Joe Biden suffered another setback Friday as latest data showed the economy slowing abruptly last month, adding only 235,000 jobs.
Key inflation indicator jumps 3.6 percent, fastest rise in 30 years
A key inflation indicator rose 3.6 percent in July from last year — its biggest year-over-year jump in 30 years — as costs continued to build in the US economy, the feds said Friday.
IMF Downgrades Global Economic Forecast
As governments around the world battle the economic fallout of the COVID-19 pandemic, the International Monetary Fund (IMF) has published a further grim forecast, predicting a 4.9% contraction in global GDP (gross domestic product) for 2020, a lower figure than the 3% forecast in April, CNBC reports. The IMF also downgraded its GDP prediction for 2021, lowering it to 5.4% from the 5.8% forecast in April.
Trump is reportedly considering a new $1 trillion infrastructure stimulus plan to boost the US economy
US President Donald Trump is considering an infrastructure plan worth $1 trillion to help revive the economy from the fallout of coronavirus and push ahead with his longstanding goal of spending big on US infrastructure, Bloomberg reported Tuesday.
Fed Makes Emergency Rate Cut to Shield US Economy From Coronavirus
The Federal Reserve, in a rare emergency step, cut short-term rates by half a percentage point on March 3 to protect the U.S. economy from the growing fallout of the global coronavirus outbreak.
Iran’s Khamenei says ‘Zionist-controlled’ US government will sink like Titanic
Iranian Supreme Leader Ayatollah Ali Khamenei on Wednesday said the United States will sink like the ‘Titanic,’ blaming it on ‘wealthy Zionist individuals and corporate owners’ who he said controlled the US economy.
US Economy on Path to ‘Solid’ 2020 Growth; Budget Deficits to Top $1 Trillion
The U.S. economy will grow at a ‘solid’ rate of 2.2 percent this year, the non-partisan Congressional Budget Office forecast on Tuesday, but with federal budget deficits hitting $1.015 trillion.
US economy added 128K jobs in October, beating estimates
The U.S. economy added 128,000 jobs in October and the unemployment rate ticked up to 3.6%, according to new data released Friday, overcoming the drag from a monthlong General Motors strike that ended last week.
US economy grew 1.9% in third quarter
The U.S. economy grew at an annual rate of 1.9% for the third quarter of 2019 as businesses slowed their investments and consumer spending declined amid a slowdown in global growth and the trade war with China.
US retail sales unexpectedly drop as Trump’s trade war hits the backbone of the economy
A key measure of consumer spending unexpectedly dropped for the first time in seven months in September, raising concerns about one of the brightest spots in the US economy.
US Economy Grew at Modest 2% Rate in Second Quarter
The U.S. economy grew at a modest 2% annual rate in the second quarter, a pace sharply lower than the 3%-plus growth rates seen over the past year. Many analysts believe growth will slow further in coming quarters as global weakness and rising trade tensions exert a toll.
$9 trillion corporate debt bomb is ‘bubbling’ in the US economy
At first glance, it looks like a $9 trillion time bomb is ready to detonate, a corporate debt load that has escalated thanks to easy borrowing terms and a seemingly endless thirst from investors.
Small Business Index Soars to Highest Level Since Reagan, Middle-Class Income Sets New Record
Several new reports are providing the latest proof that the US economy is booming right now.
US economy’s growth rate boosted to 4.2 percent
The U.S. economy grew 4.2 percent in the three months through June, slightly faster than initially reported and the most in four years.
Devastating California wildfires predicted to cost US economy $85 billion; Containment may take weeks
Devastating fires charring California have claimed more lives than any fire in the state’s history, and the economic toll is predicted to climb to $85 billion.
Israel must be ready to tackle Iran on its own
Israel must ask the international community to stop Iran’s nuclearization but prepare to do the task on its own in case the world fails, Bayit Yehudi leader Naftali Bennett said in an interview with The Jerusalem Post on Sunday.