The U.S. economy expanded in the second quarter of 2016 as real gross domestic product grew at a rate of 1.2 percent, which was well below expectations, according to the advance estimate released by the Bureau of Economic Analysis.
There were seven states that had negative GDP growth for two consecutive quarters, which is generally characterized as a recession, according to data released Thursday by the Bureau of Economic Analysis.
Americans’ confidence in the economy is only one index point away from its 2016 low, according to Gallup’s Economic Confidence Index.
Unemployed Americans are more likely to shop for things other than food and gas than to look for a new job on an average day, according to data from the Bureau of Labor Statistics.
The Dodd-Frank financial reforms born out of the 2008 Great Recession have cost the average American household $310 annually, according to a new study.
The International Monetary Fund downgraded its forecasts for global economic growth due to uncertainty with the United Kingdom voting to leave the European Union, according to a report that the organization released today.
There were 94,517,000 Americans not participating in the labor force in June, a decline of 191,000 people from the previous month, according to data released by the Bureau of Labor Statistics on Friday.
The U.S. economy slowed in the first quarter of 2016 as real gross domestic product expanded at an annual rate of 1.1 percent, according to the third estimate released by the Bureau of Economic Analysis.