The economy remained on track this year, defying the gloomiest predictions. That doesn't mean Americans are thrilled with how things are going.

Household spending is increasingly divided between wealthy consumers who are helping to keep the economy humming and everyone else.

The U.S. economy grew at a surprisingly strong 4.3% annual rate in the third quarter, the most rapid expansion in two years, driven by consumers who continue to spend in the face of ongoing inflation.

The jobs report on Tuesday "paints a sobering picture of a job market that may officially be turning frigid after a prolonged cooling period," Laura Ullrich, director of economic research in North America at the Indeed Hiring Lab, told ABC News in a statement.

Outperforming expectations and accelerating past previous quarters, the US economy delivered a powerhouse performance in the third quarter. US Commerce Department data, delayed by the government shutdown,

President Trump touted Tuesday that his tariffs were responsible for the “great” surging US economy. Trump took the victory lap just after the Commerce Department announced the economy had surged at a surprisingly strong 4.