The latest CBC tracker found that between 2019 and 2023, New Yorkers who moved out of the city made $68 billion more than those who moved in, indicating a significant income shift.
Data centers accounted for around 50% of all electricity demand growth in the U.S. last year, according to the IEA, far surpassing the rise in electricity usage in the residential, industrial, and transport sectors.
On Wednesday, the government reported that U.S. employers added a surprisingly strong 130,000 jobs in January and the unemployment rate fell to a still-low 4.3% from 4.4%. However, government revisions cut 2024-2025 U.S. payrolls by hundreds of thousands. That reduced the number of jobs created last year to just 181,000, a third of the previously reported 584,000 and the weakest since the pandemic year of 2020.
In addition, if the January consumer price index number, to be posted on Friday, comes in below expectations, there may be no rate cuts until the summer, if then. The best move for growth and income investors seeking solid passive income is to start adding top companies now, as interest rates will rise with no help from the Federal Reserve.
The latest Census data also suggest the next phase of U.S. politics will be shaped less by a single national economy than by who benefited from growth and where they live. By the numbers: The U.S. median household income rose to $80,734, the 2020-2024 American Community Survey released Thursday and examined by Axios showed. That's a 4.4% jump from 2015-2019 after inflation.
