GDP is down, and that’s uncommon. Wages, competitiveness, and job growth are improving but more slowly than usual. Poverty, debt, and benefits remain worrisome. Meanwhile, wealth inequality increases and corporate profits are reaching record levels again. The American economy is improving, but unevenly and uncertainly. There’s no way to know if this is the last phase of the Great Recession, the beginning of another bubble, or the entrance to a new normal. Conventional wisdom and old expectations are being challenged. See the article for all twelve measures.
“Economic Snapshot: May 2015” – Center For American Progress
Pretending Not To Panic 