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Two days prior to the release of the BLS’ “The Employment Situation – January 2013” report, the Bureau of Economic Analysis published its latest “advance” estimate regarding Q4 2012 GDP.
The estimate’s findings shocked many financial experts. Despite a rise in personal consumption expenditures and business investment, real GDP declined by 0.1 percent last quarter, the first quarterly decrease since 2009, leading some economists to ask: why?
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As millions of Americans celebrated the dawn of 2013, the House of Representatives adjoined to vote on the Senate’s recently amended “American Taxpayer Relief Act of 2012,” a solution to the nation’s impending “fiscal cliff.”
With a final tally of 257 votes in favor of the Act, the House agreed to approve the amendment on January 1st, which President Obama promptly signed into law the following day.
But will the Act actually impact you? And, if so, how?
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As the end of 2012 nears, many global economists are presently encouraged by the United States’ latest job growth trends. Not only was November’s employment report more positive than anticipated, but economic recovery has steadily occurred throughout the second half of the year.
Since July, nearly 789,000 jobs have been generated. The national unemployment rate has fallen from 8.3 to 7.7 percent. And, a majority of private sectors have been hiring, leading some economists to believe full-fledged recovery has begun.
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On October 22nd, U.S. Trade Representative Ron Kirk met with Panamanian Minister of Commerce and Industry Ricardo Quijano in order to conclude and put into effect a six-year-long process – the enforcement of the U.S.-Panama Trade Promotion Agreement (TPA).
Now that the agreement has been fully enforced, the decades-long trading partnership between the United States and Panama is expected to strengthen even further throughout the coming months.
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To further strengthen the national economy and increase job creation, the Obama administration recently announced competitive grant funding worth $40 million.
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Since his inauguration in January 2009, President Barack Obama has proposed a variety of tax relief bills to improve the financial security of America’s middle class.
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Our salary guide survey revealed that 1/3 of American people are actively seeking new employment, a significant jump from the 27% who were looking to make a change the year before. Want to find more insight on salaries in your industry?
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