It is common knowledge that the United States spends substantially more money on health care than other developed nations, yet it is by no means the healthiest country. Health care accounts for one-sixth of United States’ gross domestic product (GDP), but morbidity continues to rise. Two out of three American adults are obese, one-third of American adults have high blood pressure, and diabetes prevalence is … Continue reading
The hike in minimum wage from $7.25 to $10.10 could negatively impact the economy as seen in the American Action Forum’s analysis of a $1 increase in minimum wage from 2013, which shows a “1.48 percentage point increase in the unemployment rate, a 0.18 percentage point decrease in the net job growth rate, a 4.67 … Continue reading
The Reality of Unemployment in the Youth Unemployed persons are typically defined by the Department of Labor as people who are not employed but are actively seeking a job. When the Department of Labor measures youth unemployment they take measurements in April and gather numbers through July. April is the beginning of hiring for the … Continue reading
The US economy has been showing signs of recovery in the last year, adding 195,000 jobs in June alone, as the labor market advanced despite huge federal spending cuts and tax increases. This may sound nice at first, but the underlying truth to various “recovery” statistics is that the majority of new jobs added are … Continue reading
February’s job report looked so promising. Unemployment was down by .2% and 236,000 jobs were added to the economy. The economic outlook was great. Then the jobs report for March came out. What happened? In a blog post I wrote last month I predicted that the promising economic outlook was premature and that March’s report … Continue reading
On Friday the Bureau of Labor Statistics released the unemployment report for February. 236,000 jobs were created and unemployment fell to 7.7% (a .2% decrease from January). This is good news for the slowly recovering economy … we think. One aspect that contributed to the lower unemployment rate was a rise in discouraged workers. These … Continue reading
A myriad of articles have been written on how the presidential election of 2012 should garner a stringent comparison to that of the 1980 presidential election. I agree. During both presidential elections the United States economy was and is hurting. But, the focus of this article is: how did the presidents perform after they won … Continue reading
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