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. The consumer price index increased 0.3% for the month, higher than the 0.2% estimate at a time when most economists and policymakers see inflationary pressures easing. On a 12-month basis, the CPI closed 2023 up 3.4%. Economists surveyed by Dow Jones had been looking for a year-over-year reading of 3.2%. The Bureau of Labor Statistics reported that 216,000 jobs were created in December as the unemployment rate stays steady at 3.7% Is the U.S. economy heading toward a recesssion?Jamie 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
Consumer prices rose 0.3% in December, higher than expected, pushing the annual rate to 3.4%
216,000 Jobs Created in December, Unemployment Stays at 3.7%
Is the economy at risk of a recession?
ECONOMYadmin.ws2018-06-13T20:28:50-05:00
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