February 2017 Jobs Review
Bureau of Labor Statistics (BLS) reports a 235,000 gain in nonfarm payroll jobs, of which 227,000 were in the private sector. The largest job gains came from education and health services (+62,000), construction (+58,000), professional and business services (+37,000), and manufacturing (+28,000).
Weekly Economic Update: March 6 – March 10, 2017
Featuring a Chart of the Week, this week's examine's America's Constrained Economic Potential, the Weekly Economic Update provides a preview of the week ahead and looks back on the previous week's headlines.
2017 Joint Economic Report
Required on an annual basis by legislative statute, the Joint Economic Report is a response to the Economic Report of the President (ERP), an annual report issued by the Chairman of the Council of Economic Advisers. This year’s ERP was published in the final days of the Obama Administration.
Weekly Economic Update: February 27 – March 3, 2017
Where have all the workers gone? We take a look at the gap in predicted and actual prime-age workers in our Chart of the Week. Plus, a round-up what may be making headlines in the week ahead.
Weekly Economic Update: February 21 – February 24, 2017
This week's Chart of the Week shows the loss of economic potential under the Obama Administration. Each year since 2007, the Congressional Budget Office (CBO) lowered its projection of the maximum sustainable inflation-adjusted output the economy can produce—the economy’s real potential GDP.
Love Is In the Air… and the Economy
Valentine’s Day offers a unique opportunity to examine the ways we demonstrate our love for one another. According to the National Retail Foundation, Americans planned to spend over $11 billion on Valentine’s Day gifts for their significant other in 2017.
Weekly Economic Update: February 13 – February 17, 2017
Business investment represents the amount businesses and nonprofits spend on assets that will help them produce more, such as land, buildings, and equipment...
Weekly Economic Update: February 6 – February 10, 2017
Last Friday’s BLS employment report for January was a big turnaround from 2016’s average. The 237,000 nonfarm jobs numbers easily beat expectations. The optimistic results suggest that job creators anticipate pro-growth policies from the current Administration and Congress.
January 2017 Jobs Review
January Jobs Review Snapshot - 227,000 nonfarm jobs were added, which greatly exceeded expectations. - Despite the perception that employment is near its potential, January demonstrated room for improvement. - JEC estimates that there may be over 1.8 million prime-age workers on the sidelines.
Weekly Economic Update: January 30 – February 3, 2017
This week's Chart of the Week dives into the CBO's forecast for modest growth compared to the pre-Obama 50-year average. In addition, the Weekly Economic Update features a look ahead at what will be making headlines and gives a roundup of the previous week's news.
