Through the past three years, the number of jobs in healthcare and social assistance has grown by 12.5 percent while net job growth in all other economic sectors has totaled less than 2 percent, The Wall Street Journal reported.
Tag: U.S. Economy
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U.S. ELECTRICITY PRICES RISING TWICE AS FAST AS INFLATION
In 2025, U.S. electricity prices rose 6.9 percent, compared to inflation’s pace of 2.9 percent, Goldman Sachs analysts have calculated. The price of power will continue escalating as artificial intelligence (AI) data centers make up 40 percent of growth in U.S. electricity demand through the rest of this decade, they said. Electricity production is growing......
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TRUMP POLICIES WILL GROW U.S. DEBT BY $1.4 TRILLION, CBO WARNS
Donald Trump’s massive tax cuts and other economic policies will add $1.4 trillion to the federal government’s debt through 2035, the nonpartisan Congressional Budget Office (CBO) said in an update last week.
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CREDIT STRESS CLIMBS UP THE INCOME LADDER
Until recently, low-earning households were the almost exclusive clientele credit counselors served.
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U.S. INFLATION SLOWS MORE THAN EXPECTED IN JANUARY
Inflation’s pace in the U.S. moderated to 2.4 percent last month, led by a decline in gasoline prices amid a global oil glut and a slowdown in the rate of rent increases.
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THE AMERICAN ECONOMY CONTINUES TO SHARPEN ITS DIVIDE
The so-called “K-shaped” U.S. economy continues to widen the gap between elite, affluent spenders and the more than half of American households that struggle to pay their bills, various news outlets are reporting.
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MARKET OVERVIEW – ECONOMIC UPDATE
U.S. equity markets posted their worst week since last November, despite an encouraging inflation report and an economy that grew more jobs than many had expected.
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WALMART JOINS THE TRILLION-DOLLAR CLUB
Walmart’s stock market value reached $1 trillion on 3 February, making it the 10thcompany and second retailer to enter a realm that has been the domain of tech firms.
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SPOTLIGHT: BIGS GETTING BIGGER
Spanish bank Banco Santander has agreed to pay about $12.3 billion in cash and stock to take over Webster Financial, a Connecticut bank with roughly $80 billion in assets and 177 branches throughout the New York City region and in Massachusetts and Rhode Island.
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WEAK U.S. HOUSING MARKET HANDS BUYERS THE ADVANTAGE
U.S. home sales are the slowest in decades. As a result, homeowners intent on selling are lowering their prices at a record pace.