Gross Domestic Product (GDP) Archives

In this Wednesday, Oct. 24, 2012, photo, job seekers wait in line to see employers at a National Career Fairs’ job fair in New York. Unemployment rates declined in October in more than half of the 372 largest U.S. cities, further evidence of steady improvement in the job market. (AP Photo/Bebeto Matthews)

The Labor Department released the June jobs report, which reports that nonfarm payrolls jumped by 195,000 in June, coming in well above expectations of 165,000. The May job increase was also revised higher by 20,000 to 195,000. The unemployment rate held steady at 7.6%, compared to economists’ expectations that it would fall to 7.5%. The labor force participation rate rose in June to 63.5% from 63.4% in May. U.S. stock-index futures extended gains on the back of the report.

Economy, News, Policy

U.S. First-Quarter GDP Growth Drops to 1.8%, Stock Gains Halted

June 26, 2013

U.S. first quarter GDP growth, not surprisingly, was more tepid than previously estimated in the first quarter. Economists are citing that the economy was held back by a moderate pace of consumer spending, weak business investment and declining exports.

Policy

Alex Nowrasteh of CATO Debates Heritage Study on Documenting Immigrants

May 30, 2013

[youtube http://www.youtube.com/watch?v=t1LSDM3RnS0?feature=player_embedded]

As promised, here is Alex Nowrasteh from CATO, who has disputed the Heritage study on the basis of its failure to account for GDP growth as a result of immigration. And here in lays the crux of the immigration reform argument.

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