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employment turned up recently adding almost 300 000 jobs from August to October Taken together the recent data suggest that the economy is on the right track Analysts expect continued job gains and strong sustainable...ended in November 2001 making it at eight months one of the shortest and shallowest on record All data in this report are current at the time of writing but are subject to future revision 2 The NBER dating...Discretionary spending for example grew at a 12 5 rate in fiscal 2003 The Outlook Recent economic data suggest that the natural resilience of our economy boosted by aggressive monetary policy and well...

robustly with little sign of any meaningful inflation In the third quarter for example the most recent data indicate that real GDP growth was robust at 4 3 Real GDP has grown at positive rates for 16 quarters...capital formation were over taxed and further taxed multiple times seemed to be underscored by the data Accordingly a tax program was proposed which lowered the tax rates on dividends and capital gains...economic growth As the data in Figure 2 suggest these tax cuts are associated with higher trend growth in business investment spending and increases in the value of stock market The NIPA data for example suggest...

mustered to support the view that wages are rigid under price stability is based largely on historical data from periods of moderate inflation While some evidence supporting some wage rigidity may exist during...low at modest levels of inflation The application of welfare theory to crude imperfect real world data is problematic The power or robustness of relevant empirical estimates is low these estimates are...case when such estimates are made for environments of low levels of inflation where relatively few data points or observations exist As a consequence of this lack of precision numerical estimates of the...

susceptible to the confirmation bias And their single mis sion focus often leads them to discount data research values and perspectives that do not support their preferred regulatory alter native Institutional...know before the CBO was established only the President had a ready source of budgetary and economic data and analysis The entire budget process has benefitted from CBO s existence and its independence Budgetary...savings from a pure economic standpoint So I think this notion of an incredibly vigorous rigorous data driven retroactive analysis if you will done by an independent agency is really really important My...

if people do not have enough money to buy stuff it slows the entire economy down Meanwhile as the data has shown the top 400 people in this country have more wealth than half of America That is why we...outcomes She has consulted for the World Bank and taught ec onomics at the University of Maryland As the data is going to show today income inequality as I men tioned has been growing for several decades According...provide those for the record Let me just in the limited time I have talk about what is at stake The data are not controversial The Congressional Budget Office the Bureau of the Census almost every agency...

addiction so severe that it may be registering in national labor force participation and productivity data The chapter discusses possible approaches though solutions are complex and may require multi pronged...slack Figure 1 1 During the first six years of the Obama Administration covering the most updated data startups never reached the previous three decade average In fact the Administration s best year 2015...collapsed most other developed countries saw growing participation rates The OECD compiles international data on labor force participation rates for workers age 15 64 The aggregate participation rates of OECD...

this Response other measures show sluggish and at times divergent negative trends compared to the data that the Report prefers to highlight particularly when compared with previous recovery periods The...to remember that the CBO s estimates of jobs saved or created are exactly that estimates not actual data Accurately measuring jobs saved as a result of ARRA let alone created is quite difficult if not impossible...the individual tax code since the top marginal corporate income tax rate was much higher In fact the data show a growing share of U S business income has been taxed on a passthrough basis meaning that a firm...

climate risks with a limited capacity to respond 84 To inform decision making across scales more climate data is sorely needed 84 Public lands boost the economy and outdoor recreation 85 Public lands can boost...poverty in 2021 have expired once again bringing the United States out of line with peer countries 54 Data released in September 2023 by the U S Census Bureau will show a steep rise in child poverty for 2022...that fit their needs 25 Public investments in children by America lag that of other OECD countries Data from the OECD show that the United States invests less in early childhood education and care as a...

gains were shared broadly as the Economic Report of the President ERP or Report highlights Economic data show that recent labor market gains disproportionately benefit Americans who were previously left...reached all time lows and female labor force participation was approaching an all time high Recent data released by the U S Census Bureau shows that median household income rose to a record high overall...barely budged since the late 1970s 15 However using more comprehensive income data from the CBO that combines tax data and data from the Census Bureau reveals that median household income after taxes and...

in the federal funds market As Norbert Michel the director of the Heritage Foundation s Center for Data Analysis noted in 2017 So the standard process of managing interest rates through reserve management...comparison the Federal Reserve s supply of reserves was over 11 200 percent higher 33 This research and data suggest that regulatory concerns are not binding the Federal Reserve to maintaining its post 2008...has collapsed as Figure 2 6 illustrates Indeed the Federal Reserve even discontinued publishing this data series as of December 2017 This is unfortunate because it closes an avenue for market discipline In...