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    Federal Reserve Bank Presidents: Washington is Killing Business

    Want to know why the economy is still dragging along with stagnant growth and 9.1 percent unemployment? Travel back in time over the past 18 months and listen to what some Federal Reserve Bank presidents predicted would result from the Obama Administration’s public policy path. In short, they come to … More

    Morning Bell: Unemployment Is No Laughing Matter

    As President Barack Obama swung through North Carolina yesterday, he did all he could to show that he cares about the U.S. economy, its 9.1 percent unemployment rate, and the 13.9 million Americans who remain out of work. Well, that is, until he let a bit of honesty slip off his … More

    Barron's Roundtable Market Pros Blame Washington for the Economic Doldrums

    Barron’s magazine published their mid-year round-table discussion with ten money managers and financial market experts on Saturday. The ten are unanimous in their belief that slower economic growth is in store for the second half of 2011. Slower economic growth makes it harder to find or keep a job. It … More

    Texas-Sized Job Growth

    Here’s an amazing statistic: Texas created 37 percent of all jobs since the beginning of the economic recovery, more than any other state. Excluding New York and Pennsylvania, Texas has created nearly as many jobs as all other states combined. How did Texas do it? According to the Richard Fisher, … More

    Economic Freedom: Key to the 50 States’ Economic Recovery

    Economic freedom, enhanced by limited government, is critical to economic dynamism and job creation, as documented in the Index of Economic Freedom, an annual cross-country policy analysis by The Heritage Foundation. The individual economies of our 50 states are no exception to that. The strongly positive linkage between economic freedom … More

    Video: JPMorgan's Dimon Takes on Fed Chairman Bernanke

    The U.S. economy continues to drag, but why’s the recovery going so slowly? The 13.9 million unemployed Americans aren’t the only ones who want to know. Yesterday, following a speech by Federal Reserve chairman Ben Bernanke (who described the economic recovery as “frustratingly slow”), JP Morgan Chase CEO Jamie Dimon … More

    PODCAST: Unemployment

    In a recent Heritage in Focus, Heritage expert James Sherk discusses the recent unemployment report. Listen to the full podcast, here. The recent jobs report released was extraordinary. For the first time in its history, the Bureau of Labor Statistics (BLS) found that the average length of unemployment was nearly … More

    Morning Bell: Obama's Jobless America

    The economic news keeps getting worse for America. Last month, the unemployment rate went up to 9.1 percent, the economy added only 54,000 jobs, and the average length of unemployment rose to more than nine months, the longest since the Labor Department started keeping track in 1948. But despite all … More

    Morning Bell: Unemployment Goes Up, Obama Declares Victory

    Unemployment in the United States increased again last month to 9.1 percent, with the Obama economy adding only 54,000 jobs—the fewest in eight months. Today’s terrible jobs report is much worse than expected. Economists surveyed by Dow Jones Newswires had grimly predicted 160,000 new jobs and an unemployment rate of 8.9 … More

    Recovery Still Sluggish with More Bad News on Jobs

    Though the official report on May’s job performance doesn’t come in until Friday, early signs aren’t looking good for the U.S. economy. The LA Times reports that “U.S. private-sector payroll growth slowed sharply in May, falling to the lowest level in eight months,” according to an ADP Employment Services report. … More