Indiana Ranks 39th in Per Capita Income, Lags in Income Growth
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Indiana Ranks 39th in Per Capita Income, Lags in Income Growth

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)…

2014 Best Year for Job Gains Since 1999 as US Adds 252,000 Jobs in December

2014 Best Year for Job Gains Since 1999 as US Adds 252,000 Jobs in December

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…

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President Obama Lays Out Economic Vision for Strengthening Middle Class

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…

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S&P: US Income Inequality Dampening Economic Growth

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…

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President Obama Highlights Strong Economic Growth While Lashing Out at ‘Do-Nothing’ Congress

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…