News

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

Thursday, May 23, 2013

Kamer's Corner

5/02/2013


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

4/03/2013


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

3/06/2013


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

2/03/2013


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

1/14/2013


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

12/04/2012


The U.S. labor market, consumer and housing sectors are continuing to show signs of recovery. However, the looming "fiscal cliff" is increasing the level of uncertainty READ MORE