Author: TATIANA BAILEY Special to The Gazette
-
‘Budget constraints’ hamper collection of economic data | Tatiana Bailey
—
by
Economists like me rely on data from federal data collection agencies like the Bureau of Labor Statistics (BLS) and the Bureau of Economic Analysis (BEA). They provide critical data on GDP, or gross domestic product, unemployment, productivity, wages, inflation and more. But over the years, economists have noted that some key data points are no…
-
Economy still resilient but there are concerns as new year looms | Tatiana Bailey
—
by
As we approach the end of 2024, the U.S. economy continues to demonstrate its characteristic resilience, even amid ongoing inflationary pressures. U.S. consumer sentiment rose in December, reaching 74.0, up from 71.8 in November according to the University of Michigan. This improvement suggests growing optimism among consumers, a critical driver as personal expenditures comprise two-thirds…
-
Economy chugging along, but caution by Fed expected | Tatiana Bailey
—
by
Despite economic uncertainty across many global economies, national GDP, or gross domestic product, continues to be strong. Current estimates are that third-quarter GDP grew at an annualized rate of 2.7%, slightly down from the 3.0% growth in Q2. For context, these figures significantly exceed the long-term trend of 2% or less, placing the U.S. ahead…