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U.S. economy: sluggish but durable

"The U.S. economy acquired an exclusive label [yesterday]: Recession-free for eight full years ... the third-longest economic winning streak in American history" — AP Economics Writer Paul Wiseman.

Data: Commerce Department, Labor Department; Chart: Andrew Witherspoon / Axios
  • "Despite its longevity, ... [i]t's the weakest economic recovery since World War II."
  • Why it matters: "[T]he economy is hardly the disaster that ... Trump insists he inherited. Employers have been hiring steadily, month after month, since 2010. A majority of Americans now enjoy unusual job security."
  • But, but, but ... "[T]he expansion has been hobbled by a slow-growing labor force and by a puzzling slump in worker productivity, which is the amount of output produced, per hour worked."
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