Ed Dolan's Econ Blog

Archive for September, 2014

  • As Exports Soar, US Economy Closes in on Fed’s Targets

    Revised data released today by the Bureau of Economic Analysis show that the US economy grew at a 4.6 percent annual rate in the second quarter of 2014, even faster than the 4.2 percent previously estimated. That was the most rapid quarterly growth since Q4 2010. Much of the upward revision was due to the […]

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  • Everything That’s Wrong with the US Tax System in One Chart

    Last week the Tax Foundation released its annual International Tax Competitiveness Index for 2014. The United States ranked 32 out of 34 OECD countries surveyed. Only Portugal and France got lower competitiveness scores, and not by much. As if that were not bad enough, the competitiveness score is only half the story. When you put […]

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  • From Chronic Shortage to Looming Surplus: The Economics of the Blood Market

    A market for blood? Many Americans, used to being rewarded for a donation with a warm feeling of public service rather than cold cash, might see the idea as offensive. “I would guess 99 percent of people don’t know that blood is sold,” says Ben Bowman, CEO of General Blood, a national blood brokerage firm, […]

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  • Broad and Long-Term Unemployment Fall to New Lows Despite Slowdown in Payroll Job Growth

    The Bureau of Labor Statistics reported Friday that the broad unemployment rate and long-term unemployment have fallen to new lows for the recovery, despite a slowdown in the growth of payroll jobs. Payroll employment increased by 142,000 in August, significantly less than the 212,000 average for the previous three months. The standard unemployment rate fell […]

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