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economics

Unemployment Rate Remains Unchanged in March compared to February

March Unemployment Report from Bureau of Labor Statistics According to the U.S. Department of Labor’s Bureau of Labor Statistics, total nonfarm payroll employment increased by 228k in February, 2025 with the unemployment rate coming in at 4.2% – about the same as February. In addition, the report says employment in the federal government actually declined. […]

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The way in which Americans allocate their finances

The Impact of Consumer Spending on U.S. GDP The Visual Capitalist says consumer spending represents 68% of U.S. GDP, with much of this used for housing, transportation, and healthcare costs.  Today’s graphic shows the average annual expenditures of Americans, based on data from the Consumer Expenditures Survey 2023 by the Bureau of Labor Statistics.  Stay safe

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Housing’s Share of GDP Surpasses 16% for 1st Time Since 2022

Gross Domestic Product (GDP) increased by 2.3% in the fourth quarter of 2024.

America’s Real GDP Grows by 2.3% in Q4 2024   According to their “advance” estimate, the U.S. Bureau of Economic Analysis is reporting that America’s real gross domestic product (GDP) increased at an annual rate of 2.3% in Q4 2024.     Click here to read the full report at the U.S. Bureau of Economic

Gross Domestic Product (GDP) increased by 2.3% in the fourth quarter of 2024. Read More »

The ADP National Employment Report for September 2024 reveals the latest trends in job growth and labor market dynamics across various industries.

ADP National Employment Report for September 2024 According to the ADP National Employment Report for September 2024, private sector employment increased by 143k jobs and annual pay was up 4.7% year-over-year. The ADP National Employment Report is an independent and high-frequency view of the private-sector labor market based on the aggregated and anonymized payroll data

The ADP National Employment Report for September 2024 reveals the latest trends in job growth and labor market dynamics across various industries. Read More »

Housing’s Share of GDP Surpasses 16% for 1st Time Since 2022

Housing’s Contribution to GDP Exceeds 16% for the First Time Since 2022

According to the NAHB’s Eye on Housing, the housing sector’s contribution to the economy reached 16.1% in the first quarter of 2024, exceeding 16% for the first time since 2022. This increase in housing’s share of GDP is attributed to residential fixed investment (RFI) and housing services. RFI includes home building, multifamily development, and remodeling,

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