submitted 1 year ago* (last edited 1 year ago) by negativenull@negativenull.com to c/usnews@beehaw.org

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Gross domestic product rose at a 2.4% annualized pace in the second quarter, topping the 2% estimate.

Consumer spending powered the solid quarter, aided by increases in nonresidential fixed investment, government spending and inventory growth.

A Commerce Department inflation gauge increased 2.6%, down from a 4.1% rise in Q1 and well below the estimate for a gain of 3.2%.

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[-] Zapp@beehaw.org 2 points 1 year ago

Bingo. Unionization is on the rise, so expect unending "economic collapse" headlines regardless of what is happening in the economy.

this post was submitted on 27 Jul 2023

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