Economy

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Economy

Another successful year for the US economy

During the last quarter of 2024, the US economy grew at an annual rate of 2.3%, according to the Bureau of Economic Analysis. This expansion was below the expected 2.6% and represented a slowdown from the 3.1% increase seen in the previous quarter.Main Factors Contributing to Economic ExpansionKey Drivers of Economic GrowthThe fourth-quarter growth was primarily driven by increases in consumer spending and government expenditures. Consumer spending, a significant component of the Gross Domestic Product (GDP), remained robust, reflecting sustained household consumption. Government spending also contributed positively, with notable increases in both federal and state expenditures.The growth rate of 2.3% in the fourth quarter marks the most sluggish quarterly expansion since 2018, when the ec...
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Economy

Battling the Job Market After Graduation: Understanding the Challenges

Lately, the job market for those who have just finished college has become more difficult. Although the country's unemployment rate remains stable at 4.1%, new graduates are facing considerable obstacles as they move from school into their careers.In recent times, the employment landscape for recent college graduates has become increasingly challenging. Despite a national unemployment rate holding steady at 4.1%, young professionals are encountering significant hurdles as they transition from academia to the workforce. Employer Concerns and Perceived PreparednessA December survey highlighted that approximately 58% of hiring managers believe recent college graduates are unprepared for the demands of the workforce. Critiques often focus on perceived deficiencies in motivation, communication ...
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Economy

US economy’s consistent growth story

During the last quarter of 2024, the economy of the United States grew at an annualized pace of 2.3%, according to the Bureau of Economic Analysis. This expansion rate was below the expected 2.6% and signaled a slowdown compared to the 3.1% increase noted in the previous quarter.Main Factors Contributing to Economic ExpansionGrowth in the last quarter was mainly propelled by rises in consumer expenditures and government spending. Household consumption, a crucial part of the Gross Domestic Product (GDP), stayed strong, indicating ongoing consumer activity. Government expenses also played a positive role, with significant growth in federal and state spending.Analysis Compared to Earlier QuartersThe growth rate of 2.3% in the fourth quarter marks the most sluggish quarterly expansion since 20...
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Economy

Insights into Trump’s tariff strategy

At the end of January 2025, the U.S. government revealed its intention to impose duties on imported computer chips, pharmaceuticals, and steel. This move seeks to strengthen the domestic manufacturing sector and tackle trade imbalances. Nonetheless, these actions may substantially impact international trade relations, especially concerning major U.S. partners in Asia.In late January 2025, the U.S. administration announced plans to implement tariffs on imported computer chips, pharmaceuticals, and steel. This initiative aims to bolster domestic manufacturing and address trade imbalances. However, such measures could have significant implications for international trade dynamics, particularly affecting key U.S. allies in Asia.Impact on Semiconductor IndustryThe semiconductor sector is poised...