Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Economy

Showing Original Post only (View all)

sprinkleeninow

(20,067 posts)
Thu May 25, 2023, 10:49 PM May 2023

Yahoo Finance: US economy beats back 'dubious' recession fears after GDP, jobs data top expectation [View all]

Excerpt:
On Thursday, revisions to first quarter economic data showed the economy grew faster than initially expected despite inflation coming in higher than first noted.

In the labor market, revisions resulting in part from fraudulent data in Massachusetts show jobless claims aren’t piling up as previously anticipated.

Together, the data points add to a growing narrative that current economic data doesn’t match the pessimism of some economists warning about a recession.

https://finance.yahoo.com/news/us-economy-beats-back-dubious-recession-fears-after-gdp-jobs-data-top-expectations-202247838.html

3 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Latest Discussions»Issue Forums»Economy»Yahoo Finance: US economy...»Reply #0