https://www.cbsnews.com/news/gdp-2018-economic-growth-2-9-percent-last-years-economy-was-the-fastest-since-2015/
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The U.S. economy slowed modestly in the last quarter of 2018 but still grew at the fastest rate in three years, the Commerce Department reported Thursday.
GDP, or gross domestic product, is the broadest measure of all the goods and services produced within the economy. It expanded at a 2.6 percent annualized rate in the fourth quarter, a slowdown from the 3.4 percent growth in the third quarter.
The main reason grows fell in the fourth quarter: a decline in consumer spending. The government shutdown in the last 10 days...
164,000 jobs were added last month. Economists had expected a gain of about 165,000. The unemployment rate was 3.7 percent, the same as in June. Average...
Economic growth slowed last spring, but don’t panic: The decade-long expansion has lost some momentum, but there’s little reason to think it is about to stall...
Sen. Bernie Sanders is a staple on the front lines of the labor fight, leading the charge in Washington and around the country to raise the minimum wage for...
A decade ago, the US tech giants — Apple, Amazon, Google, Facebook — were seen as the very symbols of human progress. Now, the companies — especially Amazon —...
They all want to help “everyday Americans.” But do leaders really understand what it takes? Being middle class in America used to come with a certain amount...
The president projects optimism about the economy and his re-election chances, but his advisers are watching markets closely. President Trump has made the...
Topline: Falling stocks, trade wars and an inverted Treasury yield curve are three signs that analysts say are predicting a U.S. recession—the only problem,...
U.S. Sen. Bernie Sanders defended his campaign’s compensation package Friday after a Washington Post story highlighted concerns among staffers that they were...
A Congressional Budget Office analysis released last week "makes clear that the benefits of a $15-an-hour minimum wage would heavily outweigh the downside,"...
“House Democrats approved legislation Thursday to raise the federal minimum wage for the first time in a decade, to $15 an hour.” The bill now heads to the...
The American economy is providing jobs for younger African-Americans at an unprecedented level. In July, the unemployment rate for African-Americans between...
Seattle was the first big city to pass a $15 minimum wage. People there were excited. "I think it's pretty awesome since I benefit from it," one told us...
Bernie Sanders defended his campaign's treatment of staffers and said he was “very proud” to lead the first U.S. presidential campaign to have unionized...
The long-running trade standoff between the United States and China has often moved markets, as investors have feared the cumulating effect of higher costs and...
One of my favorite things to ask rideshare drivers is whether and how they calculate their earnings: Do they keep track of hourly wages, how important are...
