The Congressional Budget Office on Wednesday released a bleak outlook for the federal government with new projections that show debt levels will reach their highest levels ever in five years. The US economy is booming except for the middle class who are being hammered by inflationary costs. The US Bureau of Labor Statistics reported that the nationas unemployment rate rose to 3.9% and The U.S. economy is resting atop a public debt exceeding $34 trillion, with its debt-to-GDP ratio sitting at around 120%. The labor market started the year on a strong note as payroll growth in January once again tore past more modest expectations. A midst the complex web of economic data and expert analysis, a glaring rift emerges between the perspectives of economists and the everyday experiences of Americans. CBO reports grim long-term outlook for federal government
The U.S. Economy Is Booming, But Only for a Few
275,000 Jobs Created in February
that 275,000 were created in FebruaryJamie Dimon believes U.S. debt is the ‘most predictable crisis’ in history—and experts say it could cost Americans their homes, spending power and national security
Jobs Report Today: Hiring Surges Past Expectations
The economic reality gap: Economists vs. Americans
ECONOMYadmin.ws2018-06-13T20:28:50-05:00
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