Photographer: KAZUHIRO NOGI/AFP/Getty Images
U.S. Economy

A New Normal for the U.S. Economy: Slow and Steady

The industrial recession that just ended didn't spread to other sectors. That shows the economy is rebuilding with resilience.

For the first time since 2009, all sectors of the economy are chugging along at normal rates: The housing industry pulled out of its nosedive, the government sector ended its downturn, and as of this quarter, the industrial recession is over. Policy makers face a new challenge, building on an economy in which no major sector is in contraction. But first, the U.S. deserves some recognition for the feat it just accomplished.

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