Pertinent Category: Daily Economy

Broad Gains in Industrial Production Strengthen a Positive Outlook

– May 16, 2017

Industrial production jumped 1.0 percent in April, the largest monthly gain since February 2014. Over the past year, industrial production is up 2.2 percent, the best growth since the year ending in January 2015. Those gains helped push capacity utilization up 0.6 percentage points to 76.7, the highest since August 2015.

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Teachers Overwhelmingly Satisfied with the Field Test

– May 16, 2017

As part of our evaluation of the impact of AIER’s Teach-the-Teachers Initiative, we analyze the results of a classroom field test. Based on the evidence collected through the follow-up process, we are confident that the teachers are mastering the subject matter and the pedagogy for presenting it to students.

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New York Manufacturing Activity Leveled Off in May While National Home Builder Confidence Rose

– May 15, 2017

New data suggest a positive outlook New York manufacturers and home builders across the country.

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Retail Sales and Consumer Prices Rise in April; Consumer Sentiment Increases in Early May

– May 12, 2017

Economic data released today paint a favorable picture of the economy and support a positive outlook over the next few quarters. Retail sales rose 0.4 percent in April following a 0.1 percent increase in March and a 0.2 percent drop in February. Both F …

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Incentives in State Pension Plans: The Case of Teachers

– May 12, 2017

Earlier this week, my colleague Theodore Cangero wrote about funding gaps in state pension programs. These can have negative consequences not only for state budgets but for residents currently employed in industries with state pensions whose regulation …

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Americans Are Leaving States with Burdensome Governments

– May 12, 2017

Internal migration has always been a part of America. The ability to move for a better job has promoted economic growth. AIER studies have shown that a better match between workers and employers helps productivity and wages. A new article from the Mise …

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Labor Market Continues to Tighten

– May 11, 2017

Low levels of initial claims, a high number of open positions, and rising numbers of workers quitting jobs for new ones all point to a tight labor market.

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Time Matters in Trade and Immigration Policy

– May 10, 2017

We’ve been writing a lot lately about trade and immigration policy, and getting a wide array of thought-provoking comments. It strikes me that a key source of the disconnect in our country’s debate about whether freer trade and immigration cost America …

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Trouble Ahead: Unfunded Liabilities in State Pension Funds

– May 9, 2017

Since the Great Recession, large federal budget deficits and a record level of government debt have dominated the headlines. But municipal and state finances have also come under stress in recent years. On the municipal side, Detroit declared bankruptc …

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Berkshire Business and Professional Women Meeting

– May 8, 2017

On Monday, May 1, I was a featured speaker at a Berkshire Business and Professional Women meeting in Pittsfield, Mass. It was wonderful to connect with the organization, whose mission is “to promote full participation, equity, and economic self-suffici …

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H1-B Visas in IT: Effects on Workers and Consumers

– May 5, 2017

One of the most controversial aspects of U.S. immigration policy is the H-1B visa program. The program currently allocates 85,000 visas to high-skill workers, especially in tech industries. Silicon Valley executives at places such as Google and Faceboo …

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Don’t Tax Bitcoin Out of Existence

– May 4, 2017

Many people find cryptocurrencies such as Bitcoin appealing because they aren’t attached to any government and are thus immune to inflation associated with fiat money.

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