The Daily Money: State of The Union is likely to highlight the economy

In his State of the Union address tonight, President Biden is expected to brag about the nation's record job growth, minimize recession risks. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Tuesday, February 7 President Biden is set to deliver his State of the Union address tonight. SAUL LOEB, POOL/AFP via Getty Images It's Paul Davidson bringing you Tuesday's news ahead of President Biden's big State of the Union speech tonight. Biden is expected to boast of record job growth and easing inflation. A more well-rounded analysis reveals both the economy's strengths and weaknesses. While employers added a booming 517,000 jobs in January and 12 million in Biden's first two years in office, the manufacturing industry and housing market are both mired in slumps, inflation is still high and a likely recession looms. Tech layoffs look worse than they are Nearly 300 companies have laid off about 95,000 workers so far this year, according to layoffs.fyi, a blistering pace that would equate to more than 900,000 cuts in 2023 -- nearly six times last year's total. But things aren't as bleak as they look for the industry. As Americans spent more time at home early in the pandemic, they bought lots of computers, gaming systems and smartphones and tech companies went on a hiring spree. Now that sales have come back to earth, they're letting go of  some of those workers. 📰More stories you shouldn't miss📰  Inflation has Americans tired of tipping, but tips are actually growing. What's happening? AMC movie tickets could get cheaper – or more expensive. It depends on where you sit. Corporate dos and don'ts for a new remote work environment.  Ask HR. Recall alert About 400 products, from breakfast sandwiches to lasagna and cut fruit, are being recalled because of potential listeria contamination. Fresh Ideation Food Group LLC of Baltimore, Maryland is recalling some products sold last month after some environmental samples tested positive for the bacteria that causes listeria, which can cause serious infections in children, the elderly and those with weakened immune systems. About the Daily Money Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. The housing market is shifting, which means certain home prices could... Home prices are set to change across a lot of different U.S. cities in 2023. Where will home prices fall? How do I promote behavior and standards in a remote work environment?... Despite 'tipping fatigue,' gratuity at restaurants remains strong Child Tax Credit: Here's what you need to know for this tax season Here's how much of your social security benefits are taxable Tax season is here. What you need to know about income tax Here's who must file a tax return and who may want to anyway and why What is FICA? Rates, exemptions of federal payroll taxes explained The FairTax Act of 2023 would overhaul the entire system. Here's how A year of free Cracker Barrel? Propose on Valentine's Day at...   Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102