The US economy has shrunk 1.7% this year, according to the Bureau of Labor Statistics.
That’s below the previous year’s 2.2% contraction.
That doesn’t mean that the economy is completely stagnant.
Unemployment, which has been at about 8.5% for a year, is expected to remain high for the rest of the year.
The Bureau of Economic Analysis (BEA) predicts the economy will add 2.9 million jobs in February, with more than 4 million of those coming from new jobs created by companies.
The unemployment rate is now at 6.3%, down from 7.1% in January.
The BEA’s revised estimate is down from its previous estimate of 6.5%.
The unemployment rates are the largest since the Bureau began keeping track in 1948.
The BLS uses two different methods to calculate its unemployment rate: one based on a national sample of people, the other on jobless people who are not in the survey.
The new data will be released later today, but we first looked at the employment numbers from January through February.
Here’s a look at the economy, which was already starting to feel the effects of the flu pandemic.
The economy grew by 0.3% in the first quarter of this year compared with the same period in 2015.
But the first-quarter increase was a modest one, compared with previous years.
We are on track for a weak second quarter and a strong second half of the recovery.
But we do not yet have an economy that can be sustained, the president said during his State of the Union address.
The economy has been struggling for several years now.
We are now starting to see the full effects of a weakened global economy, and it is taking longer for the economy to recover, he said.
President Donald Trump is not the first president to claim a recession is underway.
Trump made the claim during a speech in Washington last month, saying that the U.S. was “losing jobs at a faster rate than at any time in a very long time.”
But a report released last week from the Congressional Budget Office (CBO) said the unemployment rate in January was only 6.7%, which is down slightly from the year-ago peak of 6% in early January.
That means that, even if Trump were to claim that the unemployment had begun to decline in January, the economy still wasn’t strong enough to get out of the slump.
“There’s no way to prove that there was an actual recession,” said Mark Zandi, chief economist at Moody’s Analytics.
Zandi said it would be a stretch to call the recession a recession at this point, given that the government still hasn’t issued an official unemployment rate yet.
There is some evidence that the US has started to slow its economic recovery.
In April, the unemployment index was down 2.6% in March.
However, Zandi noted that this is the first time since the Great Recession that the labor market has slowed, which means there’s a lot of slack in the labor force.
Even if Trump is correct that the jobless rate is at a record low, the pace of job growth is not as strong as economists had predicted.
In April, more than one in three Americans who were looking for work were actively looking for it, according a Reuters/Ipsos poll.
In fact, the jobs market is still so weak that some economists have warned that we could be seeing a correction, a potential sign that the recovery is not yet fully on track.
The Federal Reserve has been keeping its key interest rate near zero for two years, meaning that the Federal Reserve will buy $85 billion in bonds to keep interest rates low.
That amount has been kept at a rate of 0.25% since March of 2017.