Latest news and headlines affecting the United States economy. The US economy's performance has far-reaching effects on everyday Americans. Consumer spending, which accounts for about 70% of economic activity, reflects both confidence and challenges faced by households. The housing market, a key indicator of economic health, has seen fluctuations in affordability and demand across different regions. United States Economic Outlook Economic powerhouse: The United States has a diverse, highly developed and private-sector-led economy, which is the largest in the world in nominal GDP terms and is characterized by high levels of productivity, technological innovation, and competitiveness. United States ... Data extracted on: October 24, 2025 Source: U.S. Bureau of Labor Statistics Note: More data series, including additional geographic areas, are available through the "Databases & Tables" tab at the top of this page.