Jobless Rate Down, Stocks Up, Washington Is Unmoved
Even as analysts hailed a better-than-expected jobs report on Friday that pointed to an acceleration in growth, they warned that stronger employment gains are being put at risk by sequestration, the...
View ArticleFactory Output Rises; So Do Forecasts for Growth
The latest evidence came on Friday with a better-than-expected report on industrial production, led by a jump in the automobile sector. It follows bullish indicators earlier in the week, including a...
View ArticleEconomix Blog: Sequestration and the Jobs Report
The March jobs report came in much weaker than expected, with employers adding just 88,000 workers over the course of the month. Did sequestration – the $85 billion in mandatory budget cuts that...
View ArticleUnemployment Benefits Are Cut for Some New Yorkers
Starting this week, benefits for more than 140,000 New York State residents will be cut by almost 11 percent as a result of the budget stalemate in Washington. New York is one of the first states to...
View ArticleObama’s Budget Would Cut $1 Trillion From Deficit
Mr. Obama’s budget — one aimed at bringing Republicans to the table to finish a long-term deficit deal, as unlikely as that prospect seems now — includes unpopular cuts to both the Social Security and...
View ArticleEconomix Blog: Positive News Muddles Political Talking Points
Ana Navarro, a Republican strategist and commentator, had a novel thought in response to Friday’s jobs report, which showed 195,000 new jobs created in June: Jobs report a little better than expected....
View ArticleChallenges Await Plan to Reduce Emissions
The draft rule was announced on Friday at the National Press Club by Gina McCarthy, the administrator of the Environmental Protection Agency. But to protect industries from pie-in-the-sky requirements,...
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