A drop in imports and a pickup in consumer spending led real gross domestic product (GDP) to return to growth in the second quarter, according to the Bureau of Economic Analysis (BEA) advance estimate for the second quarter released Wednesday (July 30). Real GDP grew...
Consumer confidence reflected a cautiously improving outlook in July, according to The Conference Board. While there was some weakness in the labor market, consumers are starting to feel incrementally better about what lies ahead, according to a Tuesday (July 29) press release. The Conference Board...
The U.S. labor market maintained stability in June, though signals of cooling are emerging amid shifting sectoral dynamics. The latest Jobs Openings and Labor Turnover Survey (JOLTS) reported job openings at 7.4 million for June, a decrease of about 275,000 from May and steady year-over-year....
New orders for manufactured durable goods declined by 9.3% in June. Orders dropped by $32.1 billion to end the month at $311.8 billion, the U.S. Census Bureau said in a Friday (July 25) press release. June’s drop in orders for durable goods followed a 16.5%...
American businesses are reportedly absorbing most of the cost of new U.S. tariffs. In recent earnings reports, General Motors said it paid $1 billion in tariffs in the second quarter, Stellantis said it paid $350 million and Hasbro said it expects to pay $60 million...
The Conference Board Leading Economic Index (LEI) for the U.S. declined by 0.3% in June, following a flat reading in May (revised upward from an initial −0.1%), per a Monday (July 21) news release. The Index now stands at 98.8 marking its lowest level since...
Consumer sentiment inched up in July to reach its highest level in five months, though it remained below its December reading and its historical average, according to preliminary results from the University of Michigan’s Surveys of Consumers. The survey found that consumer sentiment rose by...
Retail spending in the United States showed signs of resilience in June, with sales rising 0.6% from May and climbing 3.9% versus the same month a year ago, according to data released Thursday (July 17) by the U.S. Census Bureau. The report, based on a...
Main Street businesses, vital to the U.S. economy, have seen their growth rate significantly fade since late 2024 through Q1 2025, lagging behind the overall U.S. business growth despite a strong post-pandemic rebound. This slowdown is largely attributed to fewer new establishments and slower wage...