US economy grows at fastest pace in 2 years
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Household spending is increasingly divided between wealthy consumers who are helping to keep the economy humming, and everyone else.
Despite the positive results, other data releases have raised questions about the economy’s underlying strength in recent months.
The data, which was delayed from October by the government shutdown, comes as the economy takes center stage for voters and the Trump administration.
The kitchen sink was thrown at the economy in 2025 — punishing tariffs, higher inflation, rising unemployment — but the U.S. might still be growing at an above-average speed in a sign of surprising pluck.
Goldman Sachs expects U.S. gross domestic product (GDP) to grow by 2.6% in 2026 and “substantially outperform” the consensus estimate of 2.0%,
The jobs report on Tuesday "paints a sobering picture of a job market that may officially be turning frigid after a prolonged cooling period," Laura Ullrich, director of economic research in North America at the Indeed Hiring Lab, told ABC News in a statement.