US Economy Contracts for First Time Since 2022

Source: Staffing Industry Analysts (04/30/25) The U.S. economy shrank by 0.3% in Q1 2025, the first contraction since early 2022, according to data from the U.S. Bureau of Economic Analysis and coverage by SIA. The decline was driven primarily by a sharp increase in imports (up 41.3%), coupled with a drop in government spending. While […]