![Gut issues Gut issues](https://cdn.magzter.com/1589965519/1731262167/articles/VMLeKQaIGON3ronFnRcsys/GUT-ISSUES.jpg)
If it was just about the economy as economists see it, America's economic metrics tell us the economy was, as described by The Economist, "glorious." It should have given Kamala Harris a landslide victory last week.
A week before the election, Nobel Prize-winning economist Paul Krugman wrote in The New York Times that the week's "data release on gross domestic product for the third quarter, the last one before the election, paints a portrait of remarkable economic success."
David Goldman, a CNN analyst, observed that "by several major metrics, the US economy is on fire, the envy of the rest of the world... Trump will be inheriting a strong economy — on paper, anyway."
Goldman provides glowing details of how good the economic numbers are:
Jobs: The biggest indicator of economic security is whether or not you have a job, and a historically high percentage of people do.
GDP: The broadest measure of the US economy is booming. Gross domestic product grew at a seasonally adjusted annualized rate of 2.8 percent last quarter, the Bureau of Economic Analysis reported. That's a healthy pace by any measure and it's on par with the economic expansion during the Trump administration, when people were feeling much better about the state of the economy.
Projected US economic growth for this year remains the strongest of any of the G7 economies, according to the International Monetary Fund.
Paychecks: Workers' paychecks are growing at a 3.9 percent adjusted rate, a faster clip than inflation, which means the amount of money Americans have to spend is growing. Inflation-adjusted disposable income per capita rose for the 27th straight month, according to the BEA, the longest streak on record.
Esta historia es de la edición November 11, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición November 11, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
![SULTAN OF SLAMS REIGNS SULTAN OF SLAMS REIGNS](https://reseuro.magzter.com/100x125/articles/21915/1996558/zRKazr7xXDJ2iZaiQh9sys/SULTAN-OF-SLAMS-REIGNS.jpg)
SULTAN OF SLAMS REIGNS
MCCLUNG WINS DUNK CONTEST A THIRD TIME; HERRO IS THREE-POINT KING
![IN 'MANANAMBAL': IT WAS A MASTERCLASS IN 'MANANAMBAL': IT WAS A MASTERCLASS](https://reseuro.magzter.com/100x125/articles/21915/1996558/FS09ytUOt9dsAotUpmXsys/IN-MANANAMBAL-IT-WAS-A-MASTERCLASS.jpg)
IN 'MANANAMBAL': IT WAS A MASTERCLASS
BIANCA UMALI HAS CLARIFIED the alleged billing issue with National Artist for Film and Broadcast Arts Nora Aunor on the poster of VIVA Films \"Mananambal.\"
![GMG Productions, Stages to Showcase All-Star Homegrown Cast in PHL Run of 'Come From Away' GMG Productions, Stages to Showcase All-Star Homegrown Cast in PHL Run of 'Come From Away'](https://reseuro.magzter.com/100x125/articles/21915/1996558/XCMbAhJR9n09Klq2fZTsys/GMG-PRODUCTIONS-STAGES-TO-SHOWCASE-ALLSTAR-HOMEGROWN-CAST-IN-PHL-RUN-OF-COME-FROM-AWAY.jpg)
GMG Productions, Stages to Showcase All-Star Homegrown Cast in PHL Run of 'Come From Away'
The extraordinary true story that has captivated audiences worldwide is finally coming to Manila.
![Shipment of 'heavy' US bombs arrives in Israel Shipment of 'heavy' US bombs arrives in Israel](https://reseuro.magzter.com/100x125/articles/21915/1996558/BZlefrlEHwDc9JlAvF2sys/SHIPMENT-OF-HEAVY-US-BOMBS-ARRIVES-IN-ISRAEL.jpg)
Shipment of 'heavy' US bombs arrives in Israel
Israel's defense ministry said on Sunday that a shipment of \"heavy\" US-made bombs arrived overnight in Israel, as Marco Rubio began his first visit to the country as Washington's top diplomat.
No Filipino journalist killed in 2024 - report
For the first time in 20 years, no Filipino journalist was killed in 2024, the Committee to Protect Journalists (CPJ) said in a special report.
4 US Navy Personnel Safe After Polilio Emergency Landing
CAMP VICENTE LIM, Laguna—Four US Navy personnel, including the pilot and co-pilot, cheated death after making an emergency landing on Polilio Island in Quezon province on Saturday.
Kanlaon Volcano ashfall hits 9 barangays
Ashfall from Kanlaon Volcano hit nine barangays in Bago City, Negros Occidental, where water rationing is being implemented following the contamination of several spring water sources on Saturday.
Poll bets told: Disclose SOCE, campaign materials
PNP help sought vs violators
![Imee: Impeachment complaint sat in House for 2 months Imee: Impeachment complaint sat in House for 2 months](https://reseuro.magzter.com/100x125/articles/21915/1996558/F6A1xzGLakM7rjVFZ34sys/IMEE-IMPEACHMENT-COMPLAINT-SAT-IN-HOUSE-FOR-2-MONTHS.jpg)
Imee: Impeachment complaint sat in House for 2 months
It was the dilly-dallying by the House of Representatives on the impeachment of Vice President Sara Duterte that made the Senate agree to a July trial or after the May midterm elections, Sen. Imee said over the weekend.
Big-Ticket REIT IPOs Unlikely to Push Through This Year
Real estate investment trust (REIT) listings from Lucio Co's Cosco Capital and the Sy family's SM Prime Holdings are not likely to take place this year.