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

Sunday, February 14, 2016

LIA Economic Reports


The New Year witnessed a sharp decline in the stock market amid renewed concerns over global economic growth and falling oil prices. READ MORE


The labor market continues to show strength and recent evidence points to stronger wage growth as well. This has translated into increased consumer confidence and spending. READ MORE


Costs, Benefits and Recommendations READ MORE


Recent economic news has been mixed. Third quarter GDP rose by just 1.5 percent and the manufacturing sector remains weak. But jobless claims came in at a 42 –year low, signaling strength in the labor market. READ MORE


Most economic news has been favorable. Second quarter GDP registered a much better-than-expected 3.7 percent growth rate. READ MORE


Recent news for the US economy has been mixed. Second quarter GDP grew at a modest pace of 2.3 percent. READ MORE