WASHINGTON — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.
July 28, 2022GDP
Government, Business, Logistics 
Andres Kudacki/Associated Press)
US Economy Shrank 0.9% Last Quarter, Its 2nd Straight Drop
Andres Kudacki/Associated Press) Government, Business 
Factory lines at Boeing's Everett Production Facility in Everett, Wash. (Jennifer Buchanan/The Seattle Times via AP, Pool)
Economy Slipped 1.6% to Start Year
Factory lines at Boeing's Everett Production Facility in Everett, Wash. (Jennifer Buchanan/The Seattle Times via AP, Pool)WASHINGTON — The U.S. economy shrank at a 1.6% annual pace in the first three months of the year, the government reported June 29 in a slight downgrade from its previous estimate for the January-March quarter.
June 29, 2022 Government, Business 
Economy Posts Surprise Contraction, Belying Solid Consumer Picture
The U.S. economy shrank for the first time since 2020, reflecting an import surge tied to robust consumer demand. While the surprise contraction adds to political headaches for President Joe Biden, it’s unlikely to dissuade the Federal Reserve from hiking interest rates aggressively to combat inflation.
April 28, 2022 Government, Business 
Motorists fill up vehicles as a winter storm approaches. (David Zalubowski/Associated Press)
US Slightly Revises Up its GDP Estimate for Q4 to 7%
Motorists fill up vehicles as a winter storm approaches. (David Zalubowski/Associated Press)The U.S. economy ended 2021 by expanding at a brisk 7% annual pace from October through December, the government reported Feb. 24 in a slight upgrade from its earlier estimate as businesses stepped up their restocking of supplies.
February 24, 2022 Government, Business 
A worker uses a forklift to move packages at a robotics facility in Baltimore. (Andrew Harrer/Bloomberg)
Economic Growth Quickens in Q4 With Inventory Boost
A worker uses a forklift to move packages at a robotics facility in Baltimore. (Andrew Harrer/Bloomberg)U.S. economic growth accelerated by more than forecast in the fourth quarter, fueled by the rebuilding of inventories and capping the strongest year since the 1980s.
January 27, 2022 Government, Business 
A worker uses a forklift to move packages at a facility in Baltimore. (Andrew Harrer/Bloomberg)
US Posts Weakest GDP Growth of Pandemic Recovery
A worker uses a forklift to move packages at a facility in Baltimore. (Andrew Harrer/Bloomberg)U.S. economic growth slowed more than expected in the third quarter to the softest pace of the pandemic recovery period as snarled supply chains and a surge in COVID-19 cases throttled spending and investment.
October 28, 2021 Government, Business 
Steven Senne/AP
Government Revises Q4 GDP Up Slightly to 4.3%
Steven Senne/APWASHINGTON — The U.S. economy grew at an annual rate of 4.3% in the final three months of 2020, slightly faster than previously estimated.
March 25, 2021 Government, Business 
An employee walks by crucibles filled with molten magnesium and aluminum at a foundry in Ohio. (Ty Wright/Bloomberg News)
Economy Grows 4%; Transportation Services See Small Drop
An employee walks by crucibles filled with molten magnesium and aluminum at a foundry in Ohio. (Ty Wright/Bloomberg News)The U.S. economy downshifted in the final three months of 2020 after record third-quarter growth, as the pandemic battered the labor market and limited Americans’ ability and willingness to spend.
January 28, 2021 Government, Business 
A worker uses a forklift to move packages at a facility in Baltimore. (Andrew Harrer/Bloomberg News)
US Economy Expands at Record 33.1% Pace After COVID Plunge
A worker uses a forklift to move packages at a facility in Baltimore. (Andrew Harrer/Bloomberg News)The U.S. economy bounced back with a record yet temporary surge of growth in the third quarter as businesses reopened and stimulus cash powered consumer spending — reversing much of the collapse stemming from coronavirus lockdowns.
October 29, 2020 Government, Business 
American Trucking Associations Chief Economist Bob Costello said trucking is holding its own during these tough times. (Doug Berry/Getty Images)
Q2 GDP Drops a Record 32.9%, but Trucking Holding Steady
American Trucking Associations Chief Economist Bob Costello said trucking is holding its own during these tough times. (Doug Berry/Getty Images)The gross domestic product of the United States shrank a record-setting 32.9% in the second quarter, tracking closely with economists’ expectations.
July 30, 2020