The US economy added 42,000 private-sector jobs last month
Digest more
The US government shutdown has become the longest in history, and with no sign of a resolution soon its economic toll is deepening.Now in its 36th day, the shutdown has surpassed the previous record set in early 2019 during President Donald Trump’s first term.
Morgan Stanley’s Mike Wilson was a lonely voice on Wall Street calling a “rolling recession” when others saw a boom. Now he sees a “rolling recovery.”
The shape of economic growth this year highlights the widening gap between wealthy Americans and everyone else, economists say.
The government has been shut down for nearly a month, and the impact is beginning to be felt by the U.S. economy.
Wednesday on surprisingly strong job growth and service sector data, which suggests the economy is in decent shape and calls into question how much lower the Federal Reserve needs to cut interest rates.
About half of Americans view the large U.S. trade deficit with other countries as an economic emergency, according to a poll released on Tuesday, a day before the Supreme Court is due to consider the legality of sweeping tariffs imposed by President Donald Trump under a law meant for emergencies.
14hon MSNOpinion
Why has America’s economy gone K-shaped?
A recent Moody’s report found that the top 20% of earners are responsible for America’s economic growth, said Fortune. Economists are worried about the K-Shaped economy. “We are losing the middle class,” said Ohio State University’s Lucia Dunn to the outlet.
There’s no official read on how fast the US economy grew last quarter, thanks to the government shutdown. But almost everyone reckons it was a healthy pace — and that’s largely thanks to AI.
Recent research is showing that increased spread of diseases is costing the agricultural industry billions of dollars, according to The Weather Network. A study of wheat producers across America and Canada has shown that pathogens have cost farmers $2.9 billion in losses during a four-year period.
On the anniversary of his re-election, President Trump addressed thousands at the America Business Forum, mixing business themes with political attacks.
For those on the upper arm, things are going well. The top 10% of U.S. households now account for nearly half of all consumer spending, buoyed by record stock market highs. Hourly pay is now rising fastest for the highest earners, reversing a pandemic-era trend that favored the lowest-paid workers, according to the Federal Reserve Bank of Atlanta.