The U.S. Economy on Autopilot, Oblivious to Political Disarray

The U.S. economy is on its longest cycle of post trough recovery and is continuing to grow both in employment and output. A recently released report by the U.S. Census Bureau shows a 5-percent boost in inflation-adjusted median income in 2016, following a 3.2-percent increase in 2015. The middle-class household income is approaching the 2007 pre-Great Recession level. The female head of households experienced the largest jump in income by 7 percent.