The U.S. economy grew by 0.8 percent in the first quarter of 2016, the Bureau of Economic Analysis announced in its second estimate released today. The growth represented a slightly faster pace than initially estimated, though still below the 1.4 percent growth rate in the final quarter of 2015. A... Continue Reading
The labor market showed resiliency in March despite continued global headwinds, according to the Bureau of Labor Analysis' economic situation summary released today. Non-farm payrolls added 215,000 jobs, while the average hourly workweek held steady and wage growth ticked up. Finally, the slight... Continue Reading
The U.S. economy grew by 1.4 percent (revised) in the fourth quarter of 2015, down from 2 percent in in the third quarter but faster than previously estimated, according to a Bureau of Economic Affairs release. Solid consumer spending andstrong residential investment in Q4 were partially offset by... Continue Reading
The U.S. economy grew by 0.7 percent in the fourth quarter of 2015, below expectations and down from 2 percent in the third quarter, according to the "advance estimate" released today by the Bureau of Economic Analysis. Growth in consumer spending, residential investment, and government spending... Continue Reading
Congress and the Obama Administration ended 2015 on an up note, with bipartisan cooperation producing new laws supporting economic growth and employment. In tonight’s State of the Union President Obama should build on those successes with an offer to continue working with Congress on those same... Continue Reading