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good economyNoahpinion | Noah Smith
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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
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Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
39
Source diversity
12
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