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Items tagged with: bidenomics
"From the beginning of the pandemic through the fall of 2023, the last period for which we have good comparative data, real #wages in both #Europe and #Japan fell. In #Germany, workers lost 7 percent of their purchasing power; in #Italy, 9 percent. By these metrics, the only workers in the entire developed world who are meaningfully better off than they were four years ago are #American ones."
https://www.theatlantic.com/ideas/archive/2024/06/us-economy-excellent/678630/
#Economics #Economy #Biden #Bidenomics #US #USA #UnitedStates #News
Surprising #US #economy is powering better global outlook, #WorldBank says
The global economy is in better shape than it was at the start of the year, thanks largely to the performance of the #UnitedStates, the World Bank said in its latest forecast Tues. But the sunnier outlook could cloud over if major central banks — including the #FederalReserve — keep #InterestRates at elevated levels.
#bidenomics #BidenHarris2024
https://www.washingtonpost.com/business/2024/06/11/world-bank-us-economy/
Surprising U.S. economy is powering better global outlook, World Bank says
High interest rates and trade tensions pose risks to a newly upbeat forecast, though.David J. Lynch (The Washington Post)
https://apnews.com/article/d1d73005dbc40b081a555850a44e73d1
US employers added a robust 272,000 jobs in May
America’s employers added a strong 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring despite persistently high interest rates.CHRISTOPHER RUGABER (AP News)
Via @stevebenen:
U.S. job growth by year:
2017: 2.1 million
2018: 2.3 million
2019: 1.98 million
2020: -9.3 million
2021: 7.2 million
2022: 4.5 million
2023: 3 million
Five months into 2024: 1.2 million (on pace for 2.9 million)
#Bidenomics
https://www.msnbc.com/rachel-maddow-show/maddowblog/robust-job-growth-may-exceeds-expectations-rcna156001
Robust job growth in May once again exceeds expectations
By nearly every metric, the latest jobs report points to a very strong U.S. job market. The political implications have the potential to be dramatic.Steve Benen (MSNBC)