Casey Quinlan, Georgia Recorder Next year is packed with potential shifts in the economy but many economists and investment analysts expect that the country will likely avoid a recession in 2024 even as growth slows in the first half of the year. States Newsroom talked to economists about their expectations for some key …
Read More »February Was A Strong Month For The U.S. Economy, But It’s Still Unequal For Women
Originally published by The 19th The economy notched a month of strong growth in February, surpassing expectations by adding 678,000 net jobs — more than half of which went to women. According to new Bureau of Labor Statistics data released Friday, women gained 347,000 new net jobs in the economy, …
Read More »US Economic Growth In 2021 Was Strongest Since 1984
The United States saw substantial economic growth in the final three months of 2021 — and, for the entire year, saw the largest expansion in almost 40 years, the Commerce Department said in a report on Thursday. The department released its report showing how the economy performed in the fourth …
Read More »Democrats Want More High-Speed Rail Funding In Infrastructure Package
Democratic Congress members are pushing for an increase in funding for high-speed rail in President Joe Biden’s $2.3 trillion infrastructure package. The current proposal includes an $80 billion investment in rail projects, although experts say most of that would go to update existing Amtrak lines versus new investments in rail. …
Read More »Unemployment Rates Are The Lowest Since Pandemic Started
The unemployment rate in the United States fell to 5.8% as employers added 559,000 jobs to the economy during the month of May. It’s the lowest jobless rate since March of 2020, when unemployment was 4.4%. “It’s great to see a pickup to job growth, but it would have been …
Read More »Biden Suspends Oil And Gas Drilling Leases In Arctic National Wildlife Refuge
President Joe Biden’s administration is suspending oil and gas drilling in Alaska’s Arctic National Wildlife Refuge. Former President Donald Trump activated the lease before leaving office. All activities were suspended in the Alaskan region on Tuesday by Secretary Deb Haaland until a comprehensive analysis about the impact of drilling is …
Read More »Biden Raising Minimum Wage For Federal Contractors To $15
President Joe Biden is signing an executive order to increase the minimum wage to $15 an hour for federal contractors. The executive order states that federal agencies will have to include the $15 wage in new contracts by March 30, 2022. In 2014, the minimum wage was increased to $10.10. …
Read More »White House Releases $39 Billion From Rescue Plan To Aid Child Care Industry
Vice President Kamala Harris announced that $39 billion from the $1.9 trillion American Rescue Plan would be released to help the child-care industry. “The strength of our country, the resilience of our economy, depends on the affordability and availability of childcare,” Vice President Harris said. “When it comes to childcare …
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