U.S. economy loses jobs in July
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While a weaker labor market suggests potential cracks in the U.S. economy, it also could keep the Federal Reserve from hiking interest rates in September.
U.S. economic growth slowed amid a widening in the trade deficit, but consumer spending and business investment pointed to underlying strength.
The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth, yet consum
U.S. gross domestic product rose at a 1.5% annual rate in the second quarter, falling short of economists’ expectations.
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.