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    CBO Report Shows President’s Budget Relies on Rosy Economic Assumptions

    According to the non-partisan Congressional Budget Office (CBO), total deficits under President Obama’s 2015 budget proposal would be $1.7 trillion higher than the administration’s previous estimates. This is no small difference; it is equivalent to one and a half sequesters. So, how is it that CBO and the administration can … More

    December Jobs Report Shows More Americans Giving Up on Finding a Job

    The December jobs report is out – and it’s not full of delayed holiday cheer for Americans struggling in this economy. “Today’s jobs report gave a discouraging update on the health of the economy,” Heritage’s James Sherk, a Senior Policy Analyst in Labor Economics, tells The Foundry. “Employers added far … More

    Extending Unemployment Benefits Could Lead to Fewer Americans Finding Jobs Quickly

    Want the unemployment rate to stay stagnant, rise, or not decrease as quickly as possible? Then support an extension of unemployment benefits. Sure, liberals are touting the three-month extension (which isn’t offset by spending cuts elsewhere, despite its hefty $6.5 billion price tag) as an act of compassion for struggling … More

    Examining North Carolina’s Falling Unemployment Rate

    On January 1, maximum unemployment insurance (UI) benefits dropped across most of America. Not in North Carolina. The Tar Heel State already ended extended UI benefits in July 2013. What happened afterward has caused considerable controversy. No one disagrees that North Carolina’s unemployment rate began rapidly falling almost immediately after … More

    The Fed Inflation-Unemployment Trade-Off: Outlasting the Energizer Bunny

    George Selgin has a new post on the Free Banking Blog that highlights the economic quandary the Fed now has the U.S. in. The post uses subtle sarcasm to make an excellent point, but many readers may miss Selgin’s main idea. Selgin starts by discussing the current policy debate surrounding … More

    How's the Economy at Your House?

    The news media, the President, and Congress should be cautious in trotting out “victims” of the government shutdown. As national media continue the hype, the furor over Washington furloughs will only take you so far in the rest of America. IN WASHINGTON: While the country’s national parks are closed and … More

    Economic Growth Remains Too Slow Because of Policy Uncertainty

    Today’s report on gross domestic product (GDP) shows that not much changed in the economy during the second quarter. The Bureau of Economic Analysis’s initial estimate shows that economic growth was just 1.7 percent from April 1 through June 30—well below the rate the economy should be growing this far … More

    ANALYSIS | Obama’s Economic Speech: Another Summer Rerun

    President Obama traveled to Illinois today to give the same tired, worn-out economic speech he’s been giving for almost five years now. Rather than offering new solutions that could revive the dormant economy and put people back to work, the President offered the same old policies that have already failed, … More

    The Jobless Recovery Continues with High Unemployment

    At the height of the recession, one in 10 Americans who wanted to work could not find employment. Since then, the unemployment rate has gradually fallen. Typically, when the unemployment rate goes down, it’s because more people find jobs. In this recession, however, employment rates have been flat. In February, … More

    Unemployment Remains a Stumbling Block in the Eurozone

    January’s unemployment numbers for the 17 countries of the eurozone has moved closer to 12 percent. This underscores the strong economic headwinds that face these member nations as they continue to grapple with an ongoing economic crisis. This same data reveals deep internal chasms within the eurozone between the economically … More