Dr. Veronique de Rugy, Senior Research Fellow at the Mercatus Center and Mr. Oren Cass, Senior Fellow at the Manhattan Institute join JEC Executive Director Scott Winship to talk how to connect more people to work.
GDP grew 1.9% in the third quarter estimate for 2019, beating projected estimates. Personal income growth remained strong, allowing consumers to lead economic growth over the quarter even as they also increased personal savings. Residential investment growth, led by single family home construction, was positive for the first time since 2017—a welcome development.
Witnesses Lyman Stone, American Enterprise Institute Research Fellow and Ryan Bourne, R. Evan Scharf Chair for the Public Understanding of Economics at CATO join JEC Executive Director Scott Winship to talk family affordability.
GDP grew at 2.1% in the second quarter, beating expectations though slowing from last quarter’s 3.1% rate. The increase confirms other economic data showing we have matched the longest economic expansion on record, quarter for quarter. The annual GDP revisions also show that growth in 2017 was stronger than the original estimate—2.4%, revised up from 2.2%.