With new doubts about the recovery’s staying power, borrowing could become tougher, a particular blow to small businesses.

Activity at the end of last year showed the resilience of American consumers and businesses in the face of rising inflation and interest rates.

Forecaste

The pandemic shock is no longer producing exceptional economic gyrations.

Gross domestic product increased 0.6 percent after two quarters of decline, but key components continue to show an economic slowdown.

With Covid prompting more employers to consider remote arrangements, employment has soared among adults with disabilities.

Americans earned more and spent more in August, the latest sign that the economic recovery remains on track despite rising interest rates.

Gross domestic income, adjusted for inflation, grew more modestly than first estimated. Unlike gross domestic product, though, it remained positive.

Economists have been expecting the labor market to cool as higher borrowing costs make it harder for businesses to expand.

Hiring slowed last month but remained robust, in line with what many economists had been expecting.