The US economy added 42,000 private-sector jobs last month
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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.
The ADP payroll report is an independent measure of the labor market based on the anonymized weekly payroll data of more than 26 million private-sector employees in the United States. ADP’s Pay Insights captures over 15 million individual pay change observations each month.
The U.S. consumer's durability as a prop for the economy may be tested in coming weeks as family budgets, particularly among the less affluent, are stressed by rising healthcare costs, the potential loss of federal food benefits,
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.
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.
Trump's campaign-style speech to business leaders in Miami was designed to tout his economic accomplishments as voters increasingly say his administration is not doing enough.
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.
At the America Business Forum, Trump emphasized economic optimism and national strength, promising a continued fight for a stronger, richer and greater America.