Feb. 28, 2017
The latest figures are a marked deceleration from the third quarter’s 3.5% pace, which had been the strongest reading in two years. They are, however, broadly in line with an economy that has, through ups and downs, settled at a roughly 2% growth pace since the recession ended.
Feb. 27, 2017
Orders for long-lasting factory goods climbed last month due to purchases of military and civilian aircraft, overshadowing a weak start to 2017 for business investment in new equipment.
Dec. 22, 2016
The U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) on Thursday issued its final revision for third-quarter gross domestic product (GDP). According to the BEA, U.S. GDP rose at an inflation-adjusted and seasonally adjusted rate of 3.5%, higher than the October estimate of 2.9% and the November estimate of 3.2%.
Dec. 21, 2016
Donald Trump’s election pushed confidence in the economy’s direction to its most favorable level since 2012, according to the latest WSJ/NBC News poll. . . The upbeat mood is consistent with other gauges of confidence in the economy, which soared in November and December. A survey of CEOs recently said they were optimistic about Mr. Trump’s policies. Economists see somewhat less risk of recession.
Dec. 12, 2016
A recent analysis by the Bureau of Labor Statistics found that union membership as a percentage of the entire labor force declined in 24 states in 2015 compared to the year before, while some 34 states and the District of Columbia were down from where they were a decade earlier. . . Union membership in California fell by .6 percent over the last 10 years, falling to 15.9 percent in 2015 from 16.5 percent in 2005.