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Economic Growth Slower Than We Want(1)

February 3, 2016

Modest economic growth? Get used to it, according to the latest 10-year projection from the Bureau of Labor Statistics. With the annual pace of employment growth much slower in this expansion than it was in previous decades, it is easy to continue to cast blame on the severity of the Great Recession. The continued elevated […]

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A Poverty-Fighting Program That Pays Its Own Way

People have lots of ideas about how to address poverty. Most of them don’t work, as the United States has learned from more than 50 years of building a welfare state. Ever-hopeful social reformers always have some bright new idea they believe will make a difference — unlike all the bright new ideas that failed […]

Overall Employment Numbers Aren’t That Good

The Department of Labor’s Bureau of Labor Statistics (BLS) publishes an unemployment number that does not reflect reality.   In the last Quarter for instance, across the U.S., 501,000 people found jobs, but 984,000 quit looking for jobs, and they are not included in the “unemployment rate.”    The numbers since 2009 are even more disturbing and […]

A Furniture Industry Renaissance?

At its peak in the 1980s, Basset Furniture Industries employed roughly 9,000 people, with the largest concentration in Martinsville and Henry County. One of the largest furniture manufacturers in the world, the company provided jobs not only for machinists and assembly workers on the factory floor, as one would find in any mill town, but […]

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