A new Pew report praises states that have strong rainy day funds but suggests others will have a more difficult time dealing with a coronavirus-related recession. States such as Minnesota and Utah that both conduct regular stress tests to prepare for unexpected shocks to economic growth and tax revenues and that have robust rainy day funds are among those…
Ahead of Halloween, the economy is still showing some signs of strength. The U.S economy has proven itself resilient throughout the coronavirus pandemic, recovering from the sharpest quarterly contraction in history, but earlier this year it looked to some as if it had finally succumbed. Two quarterly contractions in gross domestic product in the first…
The findings from the Federal Reserve reflect an economy that is neither too hot or too cold. The U.S. economy held steady in early fall as consumers showed more price sensitivity and the labor market came into better balance with a slight increase in hiring amid lower worker turnover. The benign reading from the Federal Reserve’s “beige book” – a…
The American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022, the government said in a slight upgrade from its previous estimate WASHINGTON (AP) — The American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022, the…
The damage includes tardiness and absence at work, lost taxes, and worker productivity. The continuing lack of access to high-quality and affordable child care has more than doubled its blow to the U.S. economy over the last five years, now costing $122 billion in lost earnings, productivity and revenue every year. The top-line finding comes…
