economy

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It's a Record Market— With Cracks at Its Base

Investors flock to safety as economic warning signs multiply

(Newser) - As Wall Street weathers its rockiest period since last summer, investors are seeking safety in classic defensive sectors like utilities, health care, and consumer staples—industries that tend to stay steady when the economy wobbles. For the first time in over a year, these three sectors are on track to...

Vast Majority Say Economy Isn't Good, as Many Blame Trump

Pew poll finds one-fourth of respondents say president's policies are helping

(Newser) - Naming rising costs as the biggest reason, about three-fourths of those polled find the nation's economy to be poor or fair, according to findings by the Pew Research Center . That's 4 percentage points higher than a January 2024 poll found, the Hill reports. The remainder rate conditions as...

Poll: Americans Give Trump Low Marks on Key Issues

Majorities disapprove of his approach to economy, crime, and immigration

(Newser) - A new Washington Post -Ipsos poll presents a complicated picture for President Trump as he attempts to stake out territory on crime and the economy, with most Americans expressing skepticism about his handling of key issues. A look:
  • Crime. The survey shows that 54% disapprove of Trump's response
...

New Retail Sales Data Show 'Strength of the Consumer'

Spending was up more than expected in August

(Newser) - Americans are still spending at a healthy clip, despite worries about the economy. The Commerce Department reported on Tuesday that retail sales rose 0.6% in August, matching July's revised figure and surpassing economists' expectations, reports CNN . Economists polled by the Wall Street Journal expected a rise of...

CBO: Economy Will Get Worse Before It Gets Better

Agency predicts grim picture on unemployment, inflation in 2025, before improvement in '26

(Newser) - President Trump's tariff policies, immigration crackdowns, and sweeping tax and spending law are expected to increase jobless rates and inflation and lower overall growth this year before they improve next year, according to a new report from the nonpartisan Congressional Budget Office. The CBO on Friday released new economic...

Americans Are Growing Less Sure They Can Land New Work

New survey from Federal Reserve Bank of New York isn't a hugely optimistic one

(Newser) - Americans' belief in their ability to land a new job has hit a record low, according to a new survey from the Federal Reserve Bank of New York. In August, respondents put their "perceived probability" of finding work after a job loss at just 44.9%—down 5....

Employers Added 1M Fewer Jobs Than Believed

BLS revision covers end of Biden term and early part of Trump's

(Newser) - The latest jobs stats add to the evidence that the labor market is shakier than believed— and has been for a while:
  • Big revision: The Bureau of Labor Statistics said employers added 911,000 fewer jobs than initially thought from April 2024 through March 2025, reports the Washington Post . The
...

Rarely Has a Jobs Report Changed the Narrative So Much

Weak numbers and big revisions suggest idea of labor market's resiliency is a 'mirage'

(Newser) - The monthly jobs report from the Labor Department is often a ho-hum affair, but that was decidedly not the case with the one that came out Friday . "It's rare that a single report drastically shifts our understanding of the economy's health, but that's what happened Friday...

Trump's Approval Ratings Hit a New Low

It's at 40%, the lowest of his second term, per Reuters/Ipsos

(Newser) - A new survey shows that President Trump's approval rating dropped by 1 percentage point from two weeks ago, but that slight decline gave him a new dubious honor: the lowest approval rating of his second term. According to the three-day Reuters/Ipsos poll ending Monday of just over 1,000...

College Grads Find the Current Job Market 'Stings'

It's the toughest job market for young adults in more than a decade; AI may be playing a role

(Newser) - While completing a master's degree in data analysis, Palwasha Zahid moved from Dallas to a town near Silicon Valley. Zahid, 25, completed her studies in December, but so far she hasn't found a job in the industry that surrounds her. "It stings a little bit," she...

Side Hustles Are Back
Hark, the Return
of the Side Hustle
Jun 21, 2025 9:00 AM CDT

Hark, the Return of the Side Hustle

More US workers have multiple sources of income, especially younger generations

(Newser) - A slew of new surveys and studies point to a clear trend: Side hustles are back amid worries about what's in store for the economy.
  • More than 6 in 10 US workers say they'll probably get a second job or start a side hustle in the next year,
...

Consumers Hedge on Shopping, but Not Here

Dollar General posts record sales amid tariffs; its stock rises, as does Dollar Tree's

(Newser) - Dollar General set a quarterly sales record and upgraded its annual profit and sales outlook as Americans tighten their budgets and spend more at bargain stores amid economic uncertainty. The US economy shrank at a 0.2% annual pace from January through March, the first drop in three years, as...

Opposing Views on Trump Moves: He 'Blinked,' or It's Chess
Trump Appears
to Be Listening
to Wall Street
the rundown
Apr 24, 2025 12:07 PM CDT

Trump Appears to Be Listening to Wall Street

A look at why the president is walking back economic threats on tariffs, China, the Fed chief

(Newser) - President Trump has seemed to relish escalating the fight against his detractors on a range of issues in his second term. With one exception: economic policy. Trump has lowered the temperature on a number of key issues, including the trade war against China, threats to fire Fed chief Jerome Powell,...

Americans' Views on Economy Have Changed Drastically in 3 Months

Record high 53% say their financial situation is worsening

(Newser) - Donald Trump was reelected to the Oval Office partly because those who voted for him had faith he'd boost the economy. Now, two recent surveys from Gallup and Reuters/Ipsos suggest that Americans' confidence in the president to achieve that is waning, especially after his administration's launch of tariffs...

IMF Warning: Tariffs Have 'Reset' the World Economy

Group forecasts slower growth in the US and around the globe

(Newser) - President Trump won't be a fan of a new warning issued Tuesday by the International Monetary Fund. The organization predicted that Trump's tariffs will slow economic growth around the world.
  • In its updated World Economic Outlook, the IMF revised global economic growth down to 2.8% for
...

This Might Be the Dow's Worst April Since the Depression

Investors rattled by threats to Fed's independence on top of tariffs

(Newser) - The Wall Street Journal reports that Wall Street is on track for two very much unwanted milestones that reach back to the Great Depression:
  • The Dow, which lost about 1,000 points on Monday, might chalk up its worst April since 1932. The index began April at about 42,000,
...

Carville: Dems Need to Exploit Trump's 'Economic Chaos'
Carville:
Trump Gives
Democrats
an Opening
OPINION
Apr 14, 2025 3:28 PM CDT

Carville: Trump Gives Democrats an Opening

Political consultant says Trump is badly mishandling the economy

(Newser) - Calling President Trump's aggressive moves on tariffs "one of the most ignorant acts of political leadership in American history," James Carville writes at the New York Times that he doesn't think the commander in chief will be able to gloss it over. The Democratic political consultant...

Dimon: Tariffs Must Be Resolved Quickly
Dimon: Resolve
Tariffs Quickly
Apr 7, 2025 6:44 AM CDT

Dimon: Resolve Tariffs Quickly

Trump ally Bill Ackman suggests the president is getting terrible advice on markets

(Newser) - Jamie Dimon and other prominent names on Wall Street are voicing rising concerns about the effect of President Trump's tariffs on world markets. "We are likely to see inflationary outcomes," the CEO of JPMorgan Chase wrote in his closely watched annual letter to investors on Monday, reports...

Record Number of Americans Have Two Jobs

Government's official count is now nearly 9M

(Newser) - In a world of high prices and increased worries about a recession , the stat might not be a huge surprise: A record number of Americans are now working at least two jobs, according to the official government count. Details:
  • Record high: The Bureau of Labor Statistics said 8.9 million
...

Bessent's New Comments Worsen Mood on Wall Street

Futures are down after treasury secretary calls correction 'healthy' and won't rule out a recession

(Newser) - After falling into correction territory last week—with the benchmark S&P 500 off 10% from its earlier highs—stocks were poised to start the new week with modest declines. Dow futures were down more than 130 points, and USA Today reports that comments from Treasury Secretary Scott Bessent over...

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