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U.S. GDP grew 2.3% in first quarter, beating expectations

Alayna Treene

Photo: Kevin Hagen/Getty Images

U.S. GDP growth slowed to 2.3% in the first quarter of 2018, down from 2.9% in the last quarter of 2017 but beating analysts' expectations of 2% growth.

Be smart: First-quarter growth tends to come in under other quarters given seasonal adjustment issues made on the basis that people tend to spend more around the holidays. However, the Trump administration's hefty goal of sustaining a 3% GDP growth rate is still far away.

Go deeper

Mike Allen, author of AM
1 min ago - Politics & Policy

America's youth turn left

Expand chart
Reproduced from John Della Volpe (Data: Exit polls, Roper Center for Public Opinion Research). Chart: Axios Visuals

Gen Xers have always been a swing voting group, but their kids — Gen Z, sometimes called Zoomers — overwhelmingly back Democrats.

What they're saying: "Generational replacement will not be kind to Trump’s Republican Party," John Della Volpe, polling director at the Harvard Kennedy School Institute of Politics, and CEO of SocialSphere, told me.

Go deeper (<1 min. read)Arrow
Mike Allen, author of AM
8 mins ago - Economy & Business

Charted: GOP surged as Biden slumped

Expand chart
Reproduced from Gallup. (Independents were asked their party leaning.) Chart: Axios Visuals

Gallup polling found a huge shift in party preference over the course of 2021, from a 9-point Democratic advantage in the first quarter to a 5-point Republican edge in the fourth quarter.

Why it matters: It's the biggest swing in one calendar year for Gallup's 30 years of tracking.

Go deeper (1 min. read)Arrow
Miriam Kramer, author of Space
28 mins ago - Science

A new NASA astronaut corps for the next era in space

Illustration: Aïda Amer/Axios

NASA's next crewed missions to the Moon will need a larger, differently-trained and multi-skilled astronaut corps to deliver on the agency's ambitions.

Why it matters: NASA has plans to fly astronauts to the surface of the Moon in 2025 and ultimately establish a long-term presence there. That goal requires a robust corps with new, specialized training in what it takes to live and work on the Moon — and NASA needs to start planning now.

Go deeper (2 min. read)Arrow