News

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

Wednesday, October 22, 2014

LIA Economic Reports

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