Laying off employees in the hundreds or thousands is the go to routine to stay in business and not close shop because of Trump's tariffs. It's a tough pill for Americans to swallow and Trump did warn them a few months ago that there will be "pain" that they need to adapt to before the tariffs are able to reward them. In my opinion, when a company lays off hundreds or thousands of employees from a single facility...it will hurt the small businesses in that community who depend on those employees to shop at their stores...as in shit will role down the hill and then accumulate into a smelly mess at the bottom. wrbtrader
Huh? Research & Data Economy Matters Banking & Payments News & Events Education Community Development About the Fed Center Home About Us Events Publications Research Center for Quantitative Economic Research Second-Quarter GDP Growth Estimate Increased On June 2, the GDPNow model estimate for real GDP growth in the second quarter of 2025 is 4.6 percent, up from 3.8 percent on May 30. View GDPNow for more details. ~AMAZING
Actually the GDPNow model shows 2.6% The last update posted by the model is on July 9th. The next update of the model is due on July 17th. https://www.atlantafed.org/cqer/research/gdpnow The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay. Our GDPNow forecasting model provides a "nowcast" of the official estimate prior to its release by estimating GDP growth using a methodology similar to the one used by the US Bureau of Economic Analysis. GDPNow is not an official forecast of the Atlanta Fed. Rather, it is best viewed as a running estimate of real GDP growth based on available economic data for the current measured quarter. There are no subjective adjustments made to GDPNow—the estimate is based solely on the mathematical results of the model. Recent forecasts for the GDPNow model are available here. More extensive numerical details—including underlying source data, forecasts, and model parameters—are available as a separate spreadsheet. You can also view an archive of recent commentaries from GDPNow estimates. Please note that we no longer support the GDPNow app. Download our EconomyNow app to get the latest GDP nowcast and more economic data. Latest estimate: 2.6 percent — July 09, 2025 The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 2.6 percent on July 9, unchanged from July 3 after rounding. After this morning's wholesale trade report from the US Census Bureau, the nowcast of second-quarter real residential fixed investment growth decreased from -6.4 percent to -6.5 percent, while the nowcast of the contribution of inventory investment to annualized second-quarter real GDP growth decreased from -2.13 percentage points to -2.15 percentage points. The next GDPNow update is Thursday, July 17. Please see the "Release Dates" tab below for a list of upcoming releases