News

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

Thursday, December 18, 2014

LIA Economic Reports

12/02/2014


The US economy continues to demonstrate moderate growth in the midst of the all-important holiday shopping season. READ MORE

11/01/2014


The US economy continues to grow. Third quarter GDP increased by 3.5 percent, exceeding expectations. READ MORE

10/24/2014


The Economic Development & Infrastructure Committee and Health, Education & Not-For-Profit Committee released a new report on the Economic Impact of the Child Care Industry on Long Island. READ MORE

10/01/2014


The economy has shown continued signs of strength in the labor market and consumer spending. Jobless claims have remained below 300,000, consistent with a growing labor market. Consumer spending has been robust, with retail sales growing by 0.6 percent in August. READ MORE

9/01/2014


Recent economic news has been largely favorable although slow wage increases and jobs growth in lower paying sectors have been persistent challenges throughout the economic recovery. READ MORE

8/01/2014


Recent economic news has been encouraging. Second quarter GDP grew by 4 percent, well in excess of expectations. Despite this growth, inflation has ticked up only slightly to 2.1 percent. READ MORE

7/01/2014


PREPARED BY DR. JOHN A. RIZZO, LIA CHIEF ECONOMIST READ MORE

6/03/2014


The first quarter of 2014 was a challenging one for the US economy. The GDP fell by 1 percent, well below expectations. First quarter productivity was down by 1.7 percent while unit labor costs increased by 4.2 percent. READ MORE

5/2014


The labor market picture has continued to improve, with steady jobs growth in March and substantial upward revisions in January and February jobs estimates. READ MORE

4/02/2014


The US economy showed some signs of strength in the past month. Labor market conditions improved, albeit at a modest pace. READ MORE

3/04/2014


Evidence of slower growth in the US economy emerged during the past month. Most notably, 4th quarter 2013 GDP was revised downward from 3.2 percent to 2.4 percent. READ MORE

2/04/2014


The US economy showed some mixed results in December 2013. While there was evidence of weakness in the labor market, this may be attributed to severe weather effects. READ MORE

1/06/2014


The US economy continued to show improvement. The unemployment rate fell to 7.0% in November, while retail sales grew at a robust pace of 0.7%. Consumer confidence is up, and optimism about the job market is at a 5-year high. READ MORE