US Economy

U.S. unemployment up; fourth quarter productivity down

Reuters

The number of Americans filing new claims for unemployment benefits last week rose to its highest level since May, which could raise concerns about some weakness in the labor market. Other data on Thursday showed nonfarm productivity contracted more sharply than previously thought in the fourth quarter as output failed to keep up with a jump in hours.

How Obama and Big Spending Republicans Made America the World’s #2 Economy

The United States is now the world’s #2 economy and American corporations are holding some $2 trillion in cash – much of it overseas – because politicians of both parties won't stop spending.

Study: America's Economic Freedom Evaporating

J.D. Tuccille, Reason.com

The US slipped out of the top ten to #12 on the Heritage Foundation's Index of Economic Freedom. The U.S. is the only country to have recorded a loss of economic freedom each of the past 7 years. The overall U.S. score decline is the 4th worst drop among advanced economies. 

Amnesty Doesn't Help Bad Economy

Elizabeth Harrington, Washington Free Beacon

Immigration reform will make matters worse for an already damaged economy, said Sen. Jeff Sessions. “It makes no sense whatsoever to bring in more workers and demand more workers when we’re keeping large numbers of Americans unemployed for extended periods of time funded by the taxpayer through gov't programs.”

Issa Demands Answers on Falsified Jobs Data

Becket Adams, The Blaze

Darrell Issa requested that Census Bureau Dir. John Thompson respond to a recent report alleging data tampering. “Congress uses the (Current Population Survey) to make crucial policy decisions,” Darrell said in a letter, noting that the wrongdoing has been going on for years.

It’s the Spending, Stupid

A Republican with the kind of talent and zest for limited government constitutional conservative principles that Ted Cruz has shown in the Obamacare fight needs to step forward – and soon – to play the Cruz role in the impending debt ceiling battle.