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 $...
Associated Media

After Five Years, Americans are Still Waiting for a Real Rec...

Rep. Kevin Brady, Chairman of the congressional Joint Economic Committee responded to today’s report by the Bureau of Economic Analysis (BEA) that real gross domestic product increased at an annual rate of 4.0% during the 2nd-quarter 2014.
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Associated Media

Weekly Economic Update: August 11-15, 2014

The U.S. Treasury budget deficit fell to $94.6 billion for July, 10 months into the fiscal year. Retail sales were flat for July. Business inventories increased 0.4% for June. The producer price index for total final demand increased 0.1% in July while PPI-FD excluding food & energy rose 0.2%. Indus...
Associated Media

Weekly Economic Update: August 4-8, 2014

Factory orders increased a higher-than-expected 1.1% in June. The ISM services index rose 2.7 points to 58.7 in July, a recovery best. The U.S. trade deficit narrowed $3.2 billion to $41.5 billion in June. Consumer credit increased $17.26 billion (0.54%) in June to $3.21 trillion. Productivity for t...
Associated Media

Weekly Economic Update: July 28 - August 1, 2014

The pending home sales index was down 1.1% in June to a level of 102.7. The Case-Shiller home price index fell 0.3% in May. In an advance estimate, second quarter GDP rose an annualized 4.0%. The FOMC announced that policy rates are unchanged at a target level of 0 to 0.25%, and tape remains on sche...
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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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