U.S. economy

Contrary to claims that there is an invasion at the southern border, actually undocumented immigrants are paying into the tax system but are not able to use the government programs. Undocumented immigrants paid $26 billion dollars into Social Security coffers in 2022 and paid 37 billion to state and local authorities.

The pandemic was hard on working women, but they've come roaring back into the labor force. The share of working-age women who have jobs or want one hit an all-time high in June.

The Federal Reserve Bank of Dallas reported the Alamo City's wages grew by 5.4% in April.

But the unemployment rate rose to 3.7%, from 3.4% in April, according to a report from the Labor Department on Friday.

The country's GDP growth is slowing as banks cut back on credit and the Federal Reserve tries to crack down on inflation.

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.

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.

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.

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.

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.