US Economy Defies Recession Predictions with Ongoing Jobs Strength, Slowing Inflation and Immigration Fueling Growth

The US economy continues to show resilience, defying predictions of a looming recession. Jobs reports and other data indicate ongoing strength.

Charts from economists show moderating inflation helping consumers' purchasing power. This should support continued consumer spending.

Immigration resurgence is bolstering US population and labor force growth, helping address labor shortages. This aids disinflation.

There are early signs productivity may substantially increase after years of weakness. This would allow higher wages without spurring inflation.

Wage growth across income levels is slowing from unsustainable highs. Pay premiums for changing jobs have narrowed as well.