The unemployment rate remained at 4.1% in August. Workers’ paychecks rose 3.1% over the year.

Goldman Sachs CEO David Solomon sees resilient consumers, strong earnings, and AI productivity supporting U.S. growth.

The U.S. economy is increasingly organized around constructing data centers and the infrastructure to support them, whether the public likes it or not.

Hiring and unemployment numbers will clarify the view of an economy generating strong growth and persistent inflation.

Trips to the grocery store and gas station are more painful than they were last year, and rising costs are impacting the decisions of both households and businesses. The Commerce Department reported this week that growth in U.

UNITED STATES (WVNS)- Americans remain frustrated with the U.S. economy. The ongoing war with Iran keeps gas prices at around $4 a gallon. Due to the hike in gas prices, Americans’ confidence in the economy declined this month.

The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth, yet consumers continued to spend. And the Federal Reserve’s favored measure of inflation grew more slowly last month.

The largest part of the economy grew in August at the fastest pace in six months despite higher inflation and a new round of White House tariffs, suggesting the six-year-old U.S. expansion has plenty more room to run.