Issues and events that shape Long Island's economic and legislative landscape.

Thursday, October 8, 2015

LIA Economic Reports


The US economy fared well in the face of the Federal Government shutdown.  Job growth was much better than expected and retail sales and home prices showed strong gains.  READ MORE


The US economy suffered a significant economic setback from the Federal Government shutdown in October, with damage estimates amounting to $24 billion. READ MORE


The US economy has continued to demonstrate modest improvement, particularly in the housing sector. The unemployment rate again fell in August 2013 to 7.3%. However, this largely reflected a decline in labor force participation. READ MORE


Economic performance has been largely positive in the U.S. during the past several months. The unemployment rate fell to a four­-and-­a-­half­-year low of 7.4% in July 2013. READ MORE


Providing LIA members and the Long Island business community with research reports on health care, education and Long Island's not-for-profit sectors, along with her Annual Business Fact Books and coveted monthly economic reports. READ MORE


Monthly job growth was at its slowest pace since last June. Consumers also pulled back, a sign that higher taxes and anemic job growth have finally dented consumer confidence despite surging home and stock prices. Manufacturing and service activity also slowed. READ MORE


The U.S. economy seems to have shrugged off the potential impact of sequestration. Employers are adding jobs at a faster pace and consumers are again borrowing and spending. The housing market is also rebounding more rapidly. READ MORE


Just as the U.S. economy is beginning to recover from the most devastating recession since the Great Depression, the March 1st sequester could plunge the nation into another recession. READ MORE


The biggest obstacle facing the U.S. economy is the uncertainty generated by forthcoming negotiations regarding federal revenues and expenditures. Suspension of the U.S. debt ceiling until May, provided that both chambers of Congress agree upon and pass a budget in that time READ MORE


The U.S. economy grew faster than previously estimated in the third quarter of last year. Final estimates put third quarter growth at an annualized rate of 3.1%, more than double the second quarter growth rate of 1.3%. However, fourth quarter growth slowed to a crawl READ MORE