A new report from the US Bureau of Economic Analysis highlights the recent economic struggles of Hoosiers. Indiana ranked 39th in the United States in terms of per capita income in 2014. That puts the Hoosier State well below neighboring Illinois, which ranked 16th. Indiana also had lower per capita income than neighboring Ohio (29th)…
The US economy added 295,000 jobs in the month of February. The brisk pace of hiring continues a hot streak in the job market where each of the previous twelve months saw monthly gains of more than 200,000 jobs. A mix of job growth and workers dropping out of the labor market was enough to…
The United States economy last year experienced the strongest job growth since 1999 with nearly 3 million jobs created in 2014. New government data shows that the economy added 252,000 jobs in December. That helped the unemployment rate dip to 5.6 percent, down from 6.6 percent in January 2014. The unemployment rate is at its…
President Obama delivered a major speech on the economy yesterday at Northwestern University in Chicago. The president touted the ten million jobs created during his presidency and a slow but steady decline in the unemployment rate, which now stands at 5.9 percent (the president spoke before the new jobs report was released). That is the…
Increasing income inequality is hindering U.S. economic growth and weakening the country’s ability to recover from the Great Recession, according to a new analysis by the financial services agency Standard & Poor’s. The report released Tuesday incorporates data from the Organisation for Economic Cooperation and Development (OECD), the Congressional Budget Office (CBO), and the International…
The US economy added 209,000 new jobs in July, according to a new report from the Labor Department. Despite the jobs growth, the unemployment rate edged up 0.1 points to 6.2 percent. However, the unemployment rate has fallen 1.1 percentage points over the past twelve months. The Labor Department reports that 9.7 million people remain…
President Obama delivered a speech on the economy today from Kansas City. The president was in high spirits as he spoke to an enthusiastic crowd. The atmosphere was that of campaign season, flanked with a diverse crowd of dozens of young people on stage. The energetic president had good reason to be happy. The Commerce…
