quote:

The U.S. economy powered through high inflation, rising interest rates and an energy shock to grow at a solid pace over the course of 2022, according to data released Thursday by the Commerce Department.

The resilience of the U.S. job market has been a major surprise. Last year, employers added 4.5 million jobs, second only to the 6.7 million that were added in 2021 in government records going back to 1940. And last month's unemployment rate, 3.5%, matched a 53-year low.

Trump: "Putin is a Genius" "Hezbollah is very smart"

quote:

The bottom line

Signs point to a recession in 2023, not just in the U.S. but globally, though many experts remain hopeful it will not be too severe.