

Ben Casselman
Posts

GDP Grew at 2.4% Rate in Q2 as US Economy Stayed on Track
The reading on gross domestic product was bolstered by consumer spending, showing that recession forecasts early in the year were premature, at least.

The ‘Great Resignation’ Is Over. Can Workers’ Power Endure?
The furious pace of job-switching in recent years has led to big gains for low-wage workers. But the pendulum could be swinging back toward employers.

Consumer Spending Stalled Last Month
The slowdown is good news for policymakers worried about inflation, but a sign that the engine of the economy could be losing steam.

GDP Revision Shows Bigger US Economic Growth in Q1
Government data showed that G.D.P. rose at a 2 percent rate in the first quarter, better than initially reported.

William E. Spriggs, Economist Who Pushed for Racial Justice, Dies at 68
An educator who served in the Obama administration, he championed workers, especially Black workers, and challenged his profession’s racial assumptions.

Consumer Spending Rose More Than Expected in April
New data on spending and income suggest that the economy remains robust despite the Federal Reserve’s interest rate increases.

More Americans Say Finances Are Tighter Because of Inflation
A new Federal Reserve survey finds that the strong job market hasn’t been enough to offset the rising cost of living for many families.

Wages Continue to Grow, Good for Workers but a Worry for the Fed
Wages and salaries for workers rose 5.1 percent from a year earlier, which helps employees keep up with the rising cost of living but complicates...

G.D.P. Report: What to Look For
U.S. economic data on Thursday morning is expected to show that the year opened with the third straight quarterly expansion in gross domestic product.

Unemployment Is Low. Inflation Is Falling. But What Comes Next?
Despite hopeful signs, economists worry that a recession is on the way or that the Federal Reserve will cause one in trying to rein in...