Economy Statement By Benjamin Harris, US Assistant Secretary For Economy Policy, For The Treasury Borrowing Advisory Committee
<h3>INTRODUCTION</h3> <p>Despite global and pandemic-related economic headwinds, the U.S. economy proved its resilience in the fourth quarter of 2022 with real gross domestic product (GDP) growing at a healthy 2.9 percent annualized rate. Labor markets remained tight: employers added an average of 247,000 payroll jobs each month—a pace well-above that needed to maintain a stable unemployment rate—and the unemployment rate returned to the half-century low of 3.5 percent. Moreover, inflation continued to slow: since peaking in Ju...
Source: mondovisione.com
