U.S. Economy's Remarkable Success
This is a U.S. news story, published by Noahpinion | Noah Smith.
U.S. news
For more U.S. news, you can click here:
more U.S. newsunemployment news
For more unemployment news, you can click here:
more unemployment newsNoahpinion | Noah Smith news
For more news from Noahpinion | Noah Smith, you can click here:
more news from Noahpinion | Noah SmithAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like unemployment news, you might also like this article about
American economy. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest bad economy news, fast productivity growth news, unemployment news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
good economyNoahpinion | Noah Smith
•Let us pause to appreciate the remarkable U.S. economy
79% Informative
The U.S. economy is giving us all of the things you want from a macroeconomy: high employment rates, low inflation rates and fast wage growth.
The unemployment rate is very low, at 4.1% — a little higher than in 2023 , but still very low in a historical sense: The last month of job growth was particularly strong, sending the unemployment rate slightly lower.
The U.S. economy is generating a lot of wealth, including household net worth, adjusted for inflation.
Inflation could come back, of course, and we have to be vigilant, but for right now, the problem is gone.
Wages and productivity are both up and the stock market is doing remarkably well.
Even after the end of pandemic relief spending, the U.S. government has been running huge deficits, unprecedented outside of war or severe recession.
In 2024 the deficit is projected to be $1.9 trillion , which in a $29 trillion economy is about 6.5% of GDP.
Deficits do probably boost growth, but you’re not supposed to do this in good economic times.
VR Score
83
Informative language
83
Neutral language
21
Article tone
informal
Language
English
Language complexity
39
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
39
Source diversity
12
Affiliate links
no affiliate links