U.S. Economy Posts 2%-2.5% GDP Growth as AI Spending Fuels Jobless Expansion
Updated
Updated · WHQR · Aug 7
U.S. Economy Posts 2%-2.5% GDP Growth as AI Spending Fuels Jobless Expansion
1 articles · Updated · WHQR · Aug 7
Summary
GDP growth of 2%-2.5% has kept the U.S. economy looking healthy, but that strength has not translated into comparable job creation, reflecting what economists describe as “jobless growth.”
Companies are channeling money into AI, technology and other capital investment instead of hiring, while broader uncertainty is prompting employers to delay workforce expansion.
Housing is showing a similar loss of momentum: Wilmington’s median listing price remains about $485,000, listings are edging higher, and more sellers are pulling homes after weeks of weak buyer response.
High interest rates, labor-market uncertainty and still-elevated home prices are keeping activity subdued, widening the gap between what sellers want and what buyers will pay.
In Wilmington, economists say growth is cooling back toward pre-pandemic norms rather than stalling, with healthcare and construction supporting an area that still ranks among North Carolina’s fastest-growing metros.