News

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

Sunday, August 31, 2014

LIA Economic Reports

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