Yesterday, the Congressional Budget Office (CBO) released an analysis of the effects of raising the minimum wage.
This week the CBO revealed how another White House initiative – raising the minimum wage to $10.10 per hour – would impact employment.
The Labor Department on Friday released the employment report for January 2014.
Congress is out of session this week having escaped winter storm Janus, which shut down the federal government yesterday and for most of this morning.
After better-than-expected jobs and economic growth reports the week before, Americans learned last week that they are wealthier than ever before.
There were very few pieces of economic data released last week and those that were released revealed a mixed picture.
Over the past decade, the government has launched various spending initiatives in the hopes of creating jobs and spurring economic growth. However, recent reports have shown that many of these stimulus programs, including the “Cash for Clunkers” program and the president’s green jobs initiatives, have ended up costing taxpayers millions of dollars per single job created.
The Thomson Reuters/University of Michigan index of consumer sentiment fell to 73.2, a 10-month low, in its preliminary reading for October.
Despite rising incomes, consumer confidence declined significantly in both the Conference Board and the University of Michigan’s indexes.
The number of new homes under construction increased by 0.9 percent in August. The number of existing homes sold increased 1.7 percent.