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US Growth Hides Trouble Beneath — Economist Warns Low-Income Americans Are 'Hanging On By Fingertips' - JPMorgan Chase (NYSE:JPM), Moodys (NYSE:MCO)
Benzinga·2025-10-10 19:20

Even with the U.S. economy growing by 3.8% last quarter, and unemployment holding at 4.3%, Moody's (NYSE:MCO) Analytics said that roughly half of all U.S. states are actually seeing their economies shrink.Low-Income Households Under PressureIn an interview with Fortune, Chief Economist Mark Zandi said that 22 states are currently seeing their economies contract, while 16 are growing and 13 are “treading water.”He pointed out that large states such as California, Texas, and New York, which are major contribu ...