“Investing in a 5G network could lead to $1.2 trillion in long-term consumer benefits.” Click here for the Tech Republic article.
Deployment of next-generation or “5G” networks in the United States is expected to generate $533 billion in U.S. gross domestic product (GDP) and $1.2 trillion in long-run consumer benefits according to a new analysis released today by the American Consumer Institute (ACI). The data serves as the inaugural report for the new “Lost EconomyTM” series, […]
The Bureau of Economic Analysis (BEA) released its first second quarter estimate of Gross Domestic Product (GDP) for 2016. The BEA’s report showed that the economy grew at an annual percent of only 1.2%. This comes after an anemic increase of only 0.8% during the first quarter of 2016 and a similarly weak growth estimate for the fourth quarter of […]
The BLS’ advanced estimate reveals that GDP, the nations most comprehensive measure of economic output, increased only 0.5% during the first quarter of 2016.
The Bureau of Economic Analysis released its advanced estimate of Gross Domestic Product and found the economy grew at an annualized rate of only 0.7% for the fourth quarter of 2015. The government release is available online.
Our Gross Domestic Product (GDP) grew by 2.5% in the first quarter of 2013, slower than expected. Some expect GDP growth will drop to 1.5% by year end. At the end of the first quarter, 11.7 million workers were unemployed and another 7.6 million were working part time because that’s all they could find. For […]
In his piece in the Wall Street Journal yesterday, Harvard Professor Robert Barro details why this economic recovery is so different from previous ones. After the failed economic stimulus and a continued slow recovery, we are hearing from some politicians that the previous recession was worse then realized, as a justification of why the recovery is so […]
As unemployment still hovers above 9 percent and with a meager 58,000 jobs added in September, now would be the time for President Obama to do whatever he can do to help propel job growth. Rather than another jobs bill with billions in hidden immediate costs and decades of issues to come, there are tangible […]
The slow recovery is starting to take a turn for the worst. The rate of growth in the economy slowed last quarter, and real hourly compensation fell by 2.6%. The housing market and manufacturing statistics continue to reach to new lows. Worries over the debt ceiling are threatening investor ratings for the US. Today’s BLS […]
Steve Pociask, president of the American Consumer Institute, and Joseph Fuhr, economics professor at Weidener University and senior fellow at the Institute, released a year-long research study that investigated 351 energy projects in 49 states. The study, by TeleNomic Research, was conducted at the request of the U.S. Chamber of Commerce and gives an independent […]