Associated Media

Obama Recovery Continues to Disappoint

Rep. Kevin Brady, Chairman of the Congressional Joint Economic Committee commented on today’s employment situation report from the Bureau of Labor Statistics (BLS) that the economy added 142,000 nonfarm payroll jobs (134,000 in the private sector) and the unemployment rate declined to 6.1% during ...
Associated Media

Monthly Jobs Report Up, Recovery Grinds Into Second Gear

Rep. Kevin Brady, Chairman of the congressional Joint Economic Committee responded to today’s report by the Bureau of Labor Statistics (BLS) that the U.S. economy added 209,000 nonfarm payroll jobs and 198,000 private payroll jobs during the month of July while the unemployment rose to 6.2%.
Associated Media

Brady Statement on FOMC Decision to Continue Tapering

Rep. Kevin Brady (R-TX), chairman of the congressional Joint Economic Committee, today applauded the decision by the Federal Reserve’s Federal Open Market Committee (FOMC) to continue tapering its large-scale asset purchase program by reducing its purchase of long-term Treasury securities by $...
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Associated Media

Weekly Economic Update: September 1-5, 2014

The ISM index increased 1.9 points to a higher-than-expected 59.0 for August. Construction spending increased 1.8% in July. Vehicle sales jumped 6.4% to an annual rate of 17.53 million vehicles. Factory orders jumped 10.5% in July. The U.S. trade deficit shrank slightly to $40.5 billion in July. In ...
Associated Media

Weekly Economic Update: August 25-29, 2014

New home sales slowed to a lower-than-expected 412,000 annual sales rate in July. Durable orders jumped 22.6% in July due to aircraft orders. The S&P Case-Shiller home price index fell 0.2% in June. In a 2nd estimate of the 2nd quarter of 2014, GDP grew 4.2% annualized. The pending home sales index ...
Associated Media

Weekly Economic Update: August 18-22, 2014

The consumer price index rose 0.1% in July while core CPI also increased 0.1%. Housing starts increased a higher-than-expected 15.7% to an annualized pace of 1.093 million units. Building permits jumped 8.1% in July to an annualized pace of 1.052 million units. Existing home sales increased 2.4% to ...
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Associated Media

From Impeding to Empowering Entrepreneurs: A Review of State...

Job churn has slowed in recent years, and labor force participation has declined among the young and prime working-age individuals. Expanding firms are adding fewer jobs on average than they have in the past. The Brookings Institution finds that overall “business dynamism,” the continual process of ...
Associated Media

Washington is the Worst Place to set a Minimum Wage

Supporters of federal minimum wage legislation portray it as an antipoverty device, claiming that it has no adverse employment effects. Some empirical studies even find no employment losses from minimum wage increases, and minimum wage advocates use these studies to argue that the federal governmen...
Associated Media

Bonus Depreciation

Making bonus depreciation permanent will help put the U.S. economy on a higher trajectory and begin to close the $1.4 trillion “Growth Gap” between our current recovery and the average of previous recoveries over the last five decades.
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