NCPA Media: NCPA in the News
Dec 10, 2008
Foreign trade has become more important to our economy in recent years. Exports and imports of goods and services have grown rapidly. A growing trade volume benefits our standard of living in several ways, but, as the recession deepens, my focus here will be limited to the impact of the trade balance on America's gross domestic product and, by implication, its job market. G.D.P and employment generally move in the same directions; so what I say about the impact on G.D.P generally applies to employment as well.
Dec 03, 2008
As the recession deepens, unemployment will continue to rise. How far it will rise largely depends on how much spending by consumers, businesses and the government slows - since demand for products affects whether companies expand or shrink their payrolls - and on how many people join or leave the labor force.
Nov 24, 2008
Nov 20, 2008
Nov 19, 2008
Right now we are in a recession, which I would argue dates to the beginning of the year but which has recently worsened. Given the tough times we are facing, what part of our economy will carry us through to a recovery?