KVSP economy
James Marshall via Getty Images (NEW YORK) — The U.S. economy grew at a robust pace over three months ending in September, slowing slightly from the previous quarter but continuing to dispel any concern about a possible slowdown. The fresh report marks one of the last major pieces of economic data before the presidential election. […]
ABC News (LEWISBURG, Pa.) — If elections are about “the economy, stupid,” Ben McDuffee has not had the kind of confidence-boosting year that would make him feel good about keeping Democrats at the top of the ticket for four more years. And he is a Democrat. The Lewisburg, Pennsylvania, resident lost his job late last […]
Andrew Brookes/Getty Images, STOCK (NEW YORK) — A worldwide selloff jolted markets on Monday in the aftermath of a weaker-than-expected U.S. jobs report that elicited fear of an economic recession. Japan’s main Nikkei 225 stock index dropped more than 12%, its worst day of trading since 1987. Each of the major U.S. stock indexes plummeted […]
Javier Ghersi/Getty Images (NEW YORK) — The U.S. economy grew much faster than expected over three months ending in June, accelerating from the previous quarter and defying concerns about a possible slowdown. U.S. GDP grew at a 2.8% annualized rate over three months ending in September. That figure doubled the annualized rate of growth undertaken […]
ilbusca/Getty Images (SAGINAW, Mich.) — For many in Saginaw, Michigan, a town less than two hours north of Detroit, the once-thriving hub for the auto industry is now a shell of itself. After several major factories closed in the county, the local economy has struggled to fully recover. “Some of the things that have plagued […]
Stephen Maturen/Getty Images (WASHINGTON) — While highlighting new and ongoing infrastructure investments across the country, President Joe Biden on Thursday continued to praise the recent GDP report that found the nation’s economy grew at a 3.3% annual pace — much more rapid than expected — and he gave credit to Americans for an economy that […]
Javier Ghersi/Getty Images (NEW YORK) — The U.S. economy grew at a blistering pace over three months ending in September, more than doubling growth in the previous quarter and rebuking worries about a possible recession. The robust performance, however, complicates the fight to dial back inflation. Fresh GDP data released on Thursday, which exceeded economist […]
Javier Ghersi/Getty Images (NEW YORK) — The U.S. economy is expected to have grown at a blistering pace over the three months ending in September, fueling optimism about the nation’s outlook but complicating the fight to dial back inflation. Fresh GDP data to be released on Thursday is expected to reinforce other recent indicators of […]
Kwanchai Lerttanapunyaporn / EyeEm/Getty Images (WASHINGTON) — U.S. employers continued hiring in September, despite increased interest rates and an uncertain economic outlook. Employers added 336,000 jobs last month, according to the latest report from the U.S. Bureau of Labor Statistics released Friday. The September gains were higher than the average monthly gains of 267,000 in […]
Javier Ghersi/Getty Images (NEW YORK) — Fears of a recession have cast a thundercloud over the economy for many months but forecasters sun-kissed by falling inflation and a robust jobs market have grown optimistic about the U.S. averting a downturn. Gross domestic product data to be released by the federal government on Thursday will show […]
