U.S. economy Archives

Business

Fed Survey Reveals Employment Concerns and Growing Dissatisfaction with Wages

William Anderson
August 19, 2024

In a recent Federal Reserve survey, Americans are expressing heightened concerns about the job market and their compensation, painting a troubling picture of the current economic landscape. The survey highlights a significant downturn in employment rates, with many respondents worried about the viability of finding new work amid an uncertain economic climate. Dwindling Job Opportunities […]

Business

Consumer Spending Soars in July: Retail Sales Surge by 1%, Beating Expectations

Sarah Collins
August 17, 2024

In July 2024, consumer spending showed surprising strength as U.S. retail sales rose by 1%, exceeding forecasts. This unexpected surge highlights the resilience of the American consumer, even amidst economic uncertainties. Analysts had anticipated a modest increase, but the actual numbers outperformed expectations, signaling strong consumer confidence. This growth was seen across various sectors, with […]