Latest Mark Zandi News

US slightly revises up its GDP estimate for Q2 to 6.7%

Sep. 30, 2021 10:35 AM EDT

WASHINGTON (AP) — The U.S. economy expanded at a 6.7% annual pace from April through June, the Commerce Department said Thursday, slightly upgrading its estimate of last quarter's growth in the face of a resurgence of COVID-19 in the form of the delta variant. The...

House OKs debt and funding plan, inviting clash with GOP

Sep. 21, 2021 21:46 PM EDT

WASHINGTON (AP) — The House voted late Tuesday to keep the government funded, suspend the federal debt limit and provide disaster and refugee aid, setting up a high-stakes showdown with Republicans who oppose the package despite the risk of triggering a fiscal crisis. ...

Vaccine mandate spawns new fear: finding and keeping workers

Sep. 10, 2021 17:33 PM EDT

The new federal vaccine requirement announced by President Joe Biden has created another worry for large businesses: With help wanted signs up almost everywhere, some could lose valuable employees or won't be able to find new ones. Biden announced sweeping new orders...

Do we need humans for that job? Automation booms after COVID

Sep. 05, 2021 03:02 AM EDT

Ask for a roast beef sandwich at an Arby’s drive-thru east of Los Angeles and you may be talking to Tori — an artificially intelligent voice assistant that will take your order and send it to the line cooks. “It doesn’t call sick,” says Amir Siddiqi, whose...

As Ida leaves Gulf, analysts foresee modest economic damage

Aug. 30, 2021 17:57 PM EDT

WASHINGTON (AP) — With more than 1 million customers in Louisiana and Mississippi having lost power, Hurricane Ida is sure to take a toll on the energy, chemical and shipping industries that have major hubs along the Gulf Coast. But the impact on the overall U.S. economy will likely be...

US slightly upgrades GDP estimate for last quarter to 6.6%

Aug. 26, 2021 10:08 AM EDT

WASHINGTON (AP) — The U.S. economy grew at a robust 6.6% annual rate last quarter, slightly faster than previously estimated, the government said Thursday in a report that pointed to a sustained consumer-led rebound from the pandemic recession. But worries are growing that the delta variant...

US economy surpasses pre-pandemic size with 6.5% Q2 growth

Jul. 29, 2021 15:28 PM EDT

WASHINGTON (AP) — Fueled by vaccinations and government aid, the U.S. economy grew at a solid 6.5% annual rate last quarter in another sign that the nation has achieved a sustained recovery from the pandemic recession. The total size of the economy has now surpassed its pre-pandemic level....