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GDP

Strong jobs report points to continued strong economic growth in 2019

WASHINGTON: According to the Labor Department, the US economy added a whopping 312,000 jobs in December.  The good news is that’s roughly twice what experts had forecasted.  In addition, the unemployment rate increased from 3.7% to 3.9%.  That too is good news. In total, the US economy added more than 2.6 million jobs in 2018, ...

remarkable Donald Trump Atlanta Fed Q2 GDP

Atlanta Fed: Q2 GDP growth estimated at a whopping 4.5+ percent

Last week’s Q2 GDP estimate from the Atlanta Fed proved to be a real eye-opener. Though just a rolling estimate, this latest data dump by the Atlanta Fed would seem to indicate that at least in a business sense, President Trump’s MAGA Revolution is well underway.

Will 2016 see a recession?

Obamacare's employer mandate, economic slowdowns abroad, the gap since our last recession and Fed policy all point to a recession this year. But maybe not.

The U.S. economy in 2016: Good, bad, or ugly?

WASHINGTON, Nov. 20, 2015 — After the horrific attack on innocent people in Paris last week, the nation is consumed with waiting to see how our elected officials will respond. There are the questions of how to deal with ISIS and how to set immigration policy.  Since the economy was the primary concern prior to ...

Poor jobs report: Trouble ahead for the U.S. economy?

WASHINGTON, Oct. 3, 2015 − Recently released jobs data indicates that only 142,000 new jobs were created in September. Worse, the August number was revised downward to show only 136,000 jobs created. While the Obama administration continues to tell us that the economy is strong and the unemployment rate is down to 5.1 percent, the ...

U.S. job creation tumbles; how bad is unemployment?

WASHINGTON, April 4, 2015 — In March, the U.S. economy created 126,000 new jobs. This was the worst performance of this measure since December 2013, and it was far below the 269,000 jobs per month that the economy has been averaging over the past 12 months. In addition, the job numbers for January and February were revised ...

Obama’s growth recession continued in 2014

WASHINGTON, December 21, 2014 — For the fifth consecutive year, the U.S. GDP has been forecast to grow by more than 3 percent. And for the fifth consecutive year, it will grow by just over 2 percent. Economists could refer to this as a “growth recession” that should have ended years ago with a period of strong expansion, but ...

Obama lauds GDP growth: Numbers that mean nothing

WASHINGTON, August 25, 2014 – The Obama Administration is pleased to report the continued growth of GDP. Their policies are working; the economy is fine. We have the number to prove it. It is time for politicians and journalists to recognize something that has become very clear to many economists: Gross Domestic Product (GDP) is ...

Good news? Second Quarter GDP grows 4%

The problem is that while there is a net gain in jobs, the economy lost full time jobs and gained part-time jobs. The employment gains will not necessarily lead to growth in the economy..