Lots of good news.
Adjusted for age, a larger share of our population (16 or older) was working at a job last month than anytime in the last 45 years, or likely ever. pic.twitter.com/Dfb25eCWDV
— Arin Dube (@arindube) July 27, 2023
Increasingly, be it the labor market (e.g., median real wages) or the economy as a whole, we are performing at levels that would be expected had the pandemic never happened.
— Arin Dube (@arindube) July 27, 2023
This is a remarkable feat, and speaks well of our policies. https://t.co/hjrxt4wdji
With the new GDP number, private (nonresidential) investment is now above the CBO's pre-pandemic forecast.
— Mike Konczal (@mtkonczal) July 27, 2023
The manufacturing boom we are experiencing isn't just shifting around a given level of investment. It's crowding-in more investment than forecasters thought there could be. pic.twitter.com/yiUcg08tVf
Just In: The US economy grew 2.4% in the second quarter – that’s BETTER than expected and an acceleration from +2% in Q1.
— Heather Long (@byHeatherLong) July 27, 2023
Consumer spending and business investment helped keep the economy humming. pic.twitter.com/pwnujS69r8
As of Q2, the US economy is over 6% larger than it was before COVID (after adjusting for inflation).
— Steven Rattner (@SteveRattner) July 27, 2023
At this point in the recovery from the Great Recession, 2011, the economy was just 0.7% larger than it had been in 2007. https://t.co/myT6zG1QkJ pic.twitter.com/WU7Rih2H1n
Sad! 