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America’s Electroindustry Supports 2.35 Million Jobs and More Than $375 Billion for U.S. Economy

The U.S. electroindustry is playing an increasingly critical role in meeting rising electricity demand, strengthening the domestic industrial base, and powering America’s future, according to new analysis from the National Electrical Manufacturers Association (NEMA). The new economic impact data show the U.S. electrical manufacturing industry, which has invested more than $200 billion in domestic production since 2018, supports 2.35 million American jobs, contributes more than $375 billion to U.S. economy annually, representing 1% of total U.S. GDP. The analysis also finds that the electroindustry directly employs more than 590,000 workers nationwide who manufacture the technologies that power and protect America’s homes, businesses, factories, hospitals, data centers, transportation systems, and the electric grid. Each direct job supports an additional three jobs elsewhere in the economy. With electricity demand expected to rise significantly in coming decades, continued investment in electrical equipment and systems will be critical to expanding energy capacity, strengthening grid reliability, and supporting long-term economic growth.  America’s Electroindustry Supports 2.35 Million Jobs and More Than $375 Billion for U.S. Economy   – NEMA

GDP Increases in the First Quarter of 2026

Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the first quarter of 2026 (January, February, and March), according to the third estimate released today by the S. Bureau of Economic Analysis. In the fourth quarter of 2025, real GDP increased 0.5 percent. The contributors to the increase in real GDP in the first quarter were investment, exports, government spending, and consumer spending. Imports, which are a subtraction in the calculation of GDP, increased. In the first quarter of 2026, current-dollar personal income increased $222.6 billion, or 3.4 percent at an annual rate. Personal income increased in 49 states (–23.9 percent in Hawaii.) GDP Increases in the First Quarter of 2026

US Economy Expands at Surprising Pace in Second Quarter

An uptick in consumer spending helped the U.S. economy expand at a surprising 3.8% from April through June, the government reported in a dramatic upgrade of its previous estimate of second-quarter growth. The department had previously estimated second-quarter growth at 3.3%, and forecasters had expected a repeat of that figure. A category within the GDP data that measures the economy’s underlying strength came in stronger than previously reported as well, growing 2.9% from April-June, up from 1.9% in the first quarter.  US Economy Expands at Surprising Pace in Second Quarter – tEDmag

The Creator of Baby Ruth Actually Sued Babe Ruth –The Baby Ruth candy bar was created by the Curtiss Candy Company in 1920 — the same year that baseball legend Babe Ruth hit a then-record 54 home runs. But the Great Bambino was irked that the company was selling a candy bar with such a similar name to his own without offering him any royalties. Rather than take the Curtiss Candy Company to court, the Sultan of Swat decided to make his own candy bar, and in 1926 he debuted Ruth’s Home Run bar. The Curtiss Candy Company responded by turning the tables and taking Ruth to court. They accused the slugger of trying to steal their trademark and capitalize on the success of their brand. In a 1931 deposition, Curtiss founder Otto Schnering insisted the candy was named after “Baby Ruth” Cleveland — the daughter of President Grover Cleveland.  He also attested that the company came up with the name in 1919 before the baseball player had become a household name and that the name was merely coincidental. While the validity of those claims is disputed to this day, the court nonetheless ruled in favor of the candy company, forcing Ruth to end his foray into the world of candy.