US economy loses 23,000 jobs
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U.S. economic growth slowed amid a widening in the trade deficit, but consumer spending and business investment pointed to underlying strength.
The world’s largest economy lost steam heading into summer as red-hot demand for AI infrastructure widened the trade deficit, dampening growth.
The US economy is continuing to grow faster and generate more new jobs than Europe. Annual national income growth over the past five years has averaged 3.3% in the US against 2.6% in the EU. In the first quarter of 2026,
Episode 306 of the Investopedia Express with Caleb Silver (August 3, 2026)
Treasury Secretary Scott Bessent said he was "sick of hearing" about America's "K-shaped" economic divide.
The largest part of the economy grew in July at a robust pace, but scattered shortages of key supplies and dogged inflation raised the cost of doing business. Companies responded by keeping a lid on hiring.
Moody’s economist Mark Zandi warns that reduced Fed guidance could create broader economic risks for investors
Aug 6 (Reuters) - U.S. workers again saw their slice of the U.S. economy slide to a record low in the second quarter amid an ongoing productivity boom that is producing output gains which are outpacing wage growth,