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The country's GDP growth is slowing as banks cut back on credit and the Federal Reserve tries to crack down on inflation.
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Retail sales dipped 0.4% in February after a surprise start-of-the-year surge that appeared at odds with the Federal Reserve's goal of cooling down the economy.
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Viewers may watch the event in English and Spanish. The speech represents a chance for Biden to address the nation on where he thinks the country stands, where it is headed and what his priorities are ahead.
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The U.S. economy grew at an annual rate of 2.9% in the final three months of last year — a surprisingly strong finish. But growth is expected to slow in 2023, and possibly even reverse.
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U.S. employers added 223,000 jobs in December, as the unemployment rate dipped to 3.5%. Despite some high-profile layoff announcements, the overall job market remains tight.
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Job market swings over the past few years have dampened the motivation of many workers and led to a decline in the fuel of the U.S. economy — productivity.
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U.S. employers added 528,000 jobs in July, showing the labor market remains strong, despite high inflation and softening economic growth. The unemployment rate fell to 3.5%.
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Americans continue to say they approve of how the president is handling the coronavirus pandemic, but he may be running into speed bumps because of inflation and other issues.
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The S&P 500 surged 11% in the president's first 100 days, the best performance since Franklin D. Roosevelt started his first term in 1933.
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NPR's Ailsa Chang talks with three women who are shaping U.S. economic policy about how the Biden administration plans to tackle economic losses suffered by women in the pandemic.