gross domestic product

First-time jobless claims filings totaled 353,000 for the week ended Aug. 21 while second-quarter- GDP growth was revised up to 6.6%.

While the GDP gain would have been strong prior to the pandemic, it was considerably less than the 8.4% Dow Jones estimate.

The U.S. economy is expected to post another roaring growth spurt in the second quarter, before a slow and steady dose of reality starts to sink in.

The Covid-19 recession is in the books as the shortest in U.S. history, the National Bureau of Economic Research said Monday.

Wharton found that Biden’s infrastructure plan would cut the U.S. debt and slightly increase GDP.

First-time claims for unemployment insurance were expected to total 380,000 for the week ended June 19.

The gross domestic product data marked the second-fastest pace for growth since the second quarter of 2003.

Sonal Varma, India chief economist at Nomura, said GDP will shrink around 1.5% in the current quarter, and there is “downside risk” to this estimate.

Economic growth could slow, and inflation is likely to see at least a momentary bump higher as the semiconductor shortage escalates, economists say.

China’s target of more than 6% growth for 2021 is not very meaningful because it can be easily reached — but that may not be a bad thing, analysts said.

The U.S. economy has roared back to life in 2021, with first-quarter growth set to defy even the rosiest expectations.

The 10-year traded as high as 1.614% during the session, which was the highest level since Feb. 14, 2020.

Scholars are backing an idea that pushes social and ecological wellbeing over a system that pursues relentless economic growth.

The U.K. economy experienced its largest contraction since records began in 2020, as the coronavirus pandemic ravaged Britain’s economic activity.

Economists have been worried that the aggressive virus spread will exact an especially large toll on the services sector.

In a forecast that is well above consensus, the bank’s economists see GDP accelerating at a 5.3% pace next year.

President Donald Trump rattled off several false claims in his Nov. 12 speech to the Economic Club of New York, in which he contrasted the supposedly “bleak” outlook at the end of his predecessor’s term with an exaggerated portrayal of the economy’s strong performance during his own tenure.

Gun violence hits America’s youth and rural states the hardest and has reached the highest levels in decades, a report released Wednesday by Democrats on Congress’ Joint Economic Committee has found, NBC News reports. U.S. teens and young adults, ages 15-24, are 50 times more likely to die by gun violence than they are in other economically advanced countries, according...

Federal deficits are expected to swell to higher levels over the next decade than previously expected, the nonpartisan Congressional Budget Office said in a new report Wednesday. The CBO also said that President Donald Trump’s tariffs are projected to shrink gross domestic product by 2020, and warned that further tariff hikes could stifle economic growth. The U.S. budget deficit is...

U.S. employers sustained a steady pace of hiring in July, adding 164,000 jobs, according to the Bureau of Labor Statistics. The unemployment rate remained at 3.7% for a second straight month, close to a 50-year low. It’s a reassuring sign for an economy that’s endured a series of ups and downs.