There were signs of a resilient economy at the end of 2022 as fears of a recession loom. NBC’s Tom Costello reports for TODAY on GDP, inflation and layoffs.
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#economy #money #recession…(read more)
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The US economy has recently shown signs of growth, alleviating concerns of a looming recession. The country’s unemployment rate has touched an all-time low, and the GDP growth rate has also exceeded expectations.
The US economy has been growing continuously for 11 years, and despite recent concerns, there are no visible signs of a slowdown or recession. The unemployment rate stood at 3.5% in early 2020, which is the lowest it has been in 50 years. Moreover, the US economy created 266,000 jobs in November 2019, which was higher than expected.
Another indicator of the US economy’s growth is the performance of the stock market. The Dow Jones Industrial Average surpassed 28,000 in late November, and continued to rise steadily since then. The stock market is an excellent barometer of the health of the US economy, and an upward trend signifies growth and confidence in the market.
The GDP growth rate was also higher than expected, standing at 2.1% in the third quarter of 2019. Although this is lower than the previous year, it is still a healthy rate and is proof that the US economy is stable.
The trade war between the US and China was a significant concern for many economists, as it had the potential to significantly impact the American economy. However, both countries recently reached a partial trade agreement, which has brought some relief to the market.
Despite these positive signs, the possibility of a recession still exists. Factors such as political uncertainty and a decrease in consumer spending can impact the economy adversely. Experts predict that some industries such as manufacturing might witness a slowdown, but other sectors like healthcare and technology might experience growth.
To mitigate the risk of a recession, the US government has lowered interest rates, which have reduced borrowing costs for businesses and consumers. The Federal Reserve has also been injecting money into the economy to boost liquidity.
In conclusion, while there are concerns about a recession, the US economy is showing signs of growth. The strong job market, robust stock market, and healthy GDP growth rate are all indications that the economy is stable. However, it is important to keep a close eye on potential risks that can destabilize the economy, and for the government and businesses to take necessary measures to mitigate those risks.
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
I think with the slowing of auto sales and prices of everything going up a big recession is coming and they going to try to hide it as usual
Not just tech sector but others are doing layoffs now too. Some economy this is
I believe I should watch a video on "How to survive the current recession" given the state of things. Actually, it's a complete failure. The fact that some people could still earn more than $$$k in a short period of time astounded me. If that's still the case, please explain how.
Wife's account. It's going to get worse maybe not now but within 2 years it's going to be really Bad. Hate me if you want but it's true.
Of course inflation cooled down if you artificially brought down energy prices. But this unsustainable policy won’t last forever. And when it’s halted guess what’s going to happen to us.????
Real estate is great sales up in Miami dade COUNTY. Jobs are great.
I seriously don’t understand how YouTube still hasn’t fixed these bot problems.
Fake news
We entered a recession last year, two quarters of negative growth.
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It's like poking corpse with a stick and saying that it's moving.
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If the economy is so strong… then why all the layoffs?
Nah, this economy is trash
Yeah the Us economy shows signs of growth "JUST LIKE A CANCEROUS TUMOR"…..Words "COME ON DOWN" from Joey his VP his Administration and "THEIR GLORIOUS REGIME'" right on down to our "COMMUNISTIC MEDIA" and into the ears of the "SPINELESS, COWARDICE UNITED STATES CITIZENS…GOD BLESS AMERICA!!!
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