Economy News Updates

GovernmentBusiness

Democrats’ $2 Trillion Social, Climate Bill Passes House

WASHINGTON — A fractious House handed President Joe Biden a marquee victory Nov. 19 by approving a roughly $2 trillion social and environment bill, as Democrats cast aside disputes that for months had stalled the measure and hampered efforts to sell their priorities to voters.

November 19, 2021
GovernmentBusiness

US Posts Weakest GDP Growth of Pandemic Recovery

U.S. economic growth slowed more than expected in the third quarter to the softest pace of the pandemic recovery period as snarled supply chains and a surge in COVID-19 cases throttled spending and investment.

October 28, 2021
BusinessTechnologyEquipment

Sustained Economic Recovery Ahead, Transportation Economist Predicts

GRAPEVINE, Texas — Transportation economist Donald Broughton said that the U.S. and trucking are in the early stages of a long, sustained, robust economic recovery as the country comes out of the COVID-19 pandemic.

September 16, 2021
GovernmentBusiness

Consumer Prices Rose in July but at Slower Pace

WASHINGTON — Prices for U.S. consumers rose last month but at the slowest pace since February, a sign that Americans may gain some relief after four months of sharp increases that have imposed a financial burden on the nation’s households.

August 11, 2021
Business

Economy, Trucking Industry Roar Back

Economic indicators and forecasts from economists show trucking and the U.S. economy are in the midst of a strong recovery, though concerns remain about the persistent shortage of drivers and supply chain delays.

July 15, 2021
GovernmentBusiness

US Economy Grows 6.4% in Q1

The U.S. economy grew at a solid 6.4% rate in the first three months of the year, setting the stage for what economists believe may be the strongest year for the economy in about seven decades.

June 24, 2021
GovernmentBusiness

Job Growth Softens, Misses Estimates

U.S. job growth unexpectedly softened in April from the prior month, suggesting that difficulty attracting workers is slowing momentum in the labor market.

May 7, 2021
GovernmentBusiness

Economy Accelerated at Robust 6.4% Rate Last Quarter

WASHINGTON — Powered by consumers, the U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed from the pandemic recession.

April 29, 2021
Business

Business-Spending Growth Key for US Economic Rebound

The velocity of the U.S. economy’s post-pandemic rebound hinges on more than just an increasingly capable consumer, and business spending appears poised to deliver its own boost.

March 23, 2021
GovernmentBusiness

Economy Is Improving, but Challenges Remain, Economists Say

The U.S. economy is poised for a strong recovery in the third quarter, provided the number of people being given the COVID-19 vaccine significantly improves and Congress and the White House reach a COVID relief package.

February 11, 2021