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.
Bu hikaye The Philippine Star dergisinin November 11, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Philippine Star dergisinin November 11, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
LIFE, BUT BETTER: PhilSTAR Life marks 4th anniversary celebrating the finer things
It's been four years since PhilSTAR Life was launched, and it continues to give readers what they love, want, and need.
Experience authentic Filipino Christmas in the McDonald's Drive-Thru lane
Like what Life has been for you in the past four years, let this list inspire your next move and be your trusty companion as you go out of the mundane, see more of the world, figure out what a \"better life\" means for you—and live it.
Evolve. Dazzle. Slay.
Having a finger on the pulse of pop culture isn't just for the youth—it's a vibrant world that welcomes everyone, whether you're Gen Z, millennial, or Gen X.
Heal.Thrive. Radiate.
Social media has transformed beauty into a enthusiast's dream.
Discover.Plan. Explore.
The world is full of incredible places waiting to be explored.
Indulge. Sip. Savor.
The Philippine food scene is something that's worth sinking your teeth into as it's not just seemingly limitless; it's also ever-evolving.
What makes life better?
Life, But Better The 100 List
Rahyan Carlos carries on calling to teach artists how to land jobs, win awards
To the various creatives he has worked with, Rahyan Carlos is known as a scriptwriter, a director, an acting coach, or an artist center head.
WHAT'S NEXT FOR KIM SOO HYUN, JU JI HOON, OTHER K-DRAMA SUPERSTARS?
REAL KOREAN DRAMA FANS would know that a picture with Mickey Mouse is major.
'Wicked' fans, rejoicify! Erivo, Grande shine in lavish adaptation of Broadway classic
It's the ultimate celebrity redemption tour, two decades in the making. In the annals of pop culture, few characters have undergone an image makeover quite like the Wicked Witch of the West.