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    Economic Freedom Propels Job Creation

    Economic freedom boosts job growth, as the Heritage Foundation’s 2010 Index of Economic Freedom empirically demonstrates. Now, there is more evidence in a state-level study just released by the Federal Reserve Bank of St. Louis, “Economic Freedom and Employment Growth in the U.S. States.” According to the Fed research, “states … More

    President Obama’s Budget Is Killing Jobs

    The Obama Administration, the Democratic Congress, and their friends in organized labor are quick to blame unemployment on the trade deficit. Facts don’t support that assessment. The historical record shows a *positive* correlation between aggregate trade deficits and job creation – a trade deficit signifies *more* jobs. That’s because trade … More

    It’s Time to Terminate California’s Cap and Trade System

    California legislators passed a statewide cap and trade bill in 2006 that is set to begin in 2012, but a growing opposition is seeking to include a ballot measure that would postpone a carbon cap until the state’s economy recovers: “The ballot measure would bar the state from implementing the … More

    A First Glance at the New Jobs Numbers

    The March jobs report contained some of the good news that analysts have been waiting for. First, private hiring increased by 123,000 jobs, with every sector except financial and information adding jobs. Second, revisions to the employment reports of the previous months were revised upwards. Third, the unemployment rate remained … More

    To Cut Unemployment, Opt for Economic Freedom

    The Fundacion para el Análisis y los Estudios Sociales of Spain recently sponsored presentations on the 2010 Index of Economic Freedom (www.heritage.org/index) in Madrid and Barcelona. Discussion centered on Spain’s 18 percent unemployment rate, the highest in Europe, and its labor market regulations that are among the most severe in … More

    Morning Bell: Welcome to the Obama Dependency Economy

    Today the Labor Department’s Bureau of Labor and Statistics released its monthly jobs report showing that the nation’s unemployment is 9.7% for the third month in a row. While the jobs report does indicate that 162,000 net jobs were created in March, almost 50,000 of those jobs were temporary government … More

    Side Effects: Medical Devices Tax Will Costs Jobs

    There’s only one way to pull the economy out of the doldrums. We need more jobs. Now. As Obamacare inched its way toward passage, boosters of the radical legislation began making bold new claims about its virtues.  The bill, they said, would do far more than simply fix the health … More

    The Next Wave of Taxes on Business

    In an attempt to solve the nation’s current economic woes, legislators remain fixated on a single solution: federal stimulus spending. This is the wrong solution, regardless of the sweet rhetoric used by some Washington lawmakers, and is no economic stimulus. Two days ago the Senate passed (62 to 36) another … More

    Long-term Unemployment Still Too High

    The stock market reacted favorably this morning when it was announced that the number of people on payrolls fell by 36,000 in February, better than the 50,000 loss expected by economists. The unemployment rate held steady at 9.7%, also slightly better than expected. Another indicator that may have received less … More

    The Latest Unemployment Report

    The February report showed that, although the labor market is still treading water, there is room for optimism. After all, almost every industry except for construction is either adding jobs or is flat. Job growth in the service sector was positive thanks to health care and temporary services. Manufacturing and … More