Business investment grew only 2.2 percent from the previous year, representing one of the worst performances seen in the six-year economic expansion, the Wall Street Journal reported.
Job creation from startups has hit a historic low, according to data from the U.S. Census Bureau.
The U.S. economy expanded in the second quarter of 2015 as real gross domestic product (GDP) increased an annual rate of 3.9 percent, according to the “third” estimate released by the Bureau of Economic Analysis (BEA).
There are more than 15 million children—or 21.1 percent—living in poverty in the United States, and currently 36 percent of black children live below the poverty line, according to data from the U.S. Census Bureau.
More people move to Texas than any other state, according to data released by the Internal Revenue Service.
Billionaire hedge fund co-owner Marc Lasry, a mega-donor to President Obama and the Clinton Foundation, says that the “economy is fine” after the Dow Jones industrial average tumbled 1,000 points in the first minutes of trading on Monday.
Leading economists are anticipating sluggish economic growth, weak wage gains and slowing hiring rates for the next two years.
The U.S. economy grew in the second quarter of 2015 as real gross domestic product (GDP) increased at an annual rate of 2.3 percent, according to Bureau of Economic Analysis (BEA) data released Thursday.
Under a landmark nuclear deal reached on Tuesday, Iranian oil companies will have greater access to world markets than their American competitors.
President Barack Obama said last month that some of the effects of climate change could cost the United States $200 billion by the end of the century, but the U.S. economy shrank by a comparable amount in just the past year, a Washington Free Beacon analysis found.