Topics

Congressional Budget Office

The economic recovery just turned 7, and here's why it feels so weak

The economic recovery just turned 7, and here's why it feels so weak

Though you’d never know it from listening to the presidential candidates, the current U.S. economic expansion is the fourth-longest since the end of World War II.

But a startlingly bad jobs report last week raised new concerns about the state of the economy, even as it probably delayed another interest rate hike. 

As it’s done for the last seven years since the end of the Great Recession, the economy has been sending mixed signals. Wages are rising and unemployment remains low, at 4.7%. But job growth sputtered in May and total economic output is expected to grow only about 2% this year, well below the 3.4% average from 1950 to...

70°