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Economy adds 227,000 jobs in November, suggesting a steady labor market: CEI analysis
Today’s labor report for November suggests a steady job market, with 227,000 jobs being added to the economy last month. Considering the report, the…
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Trump promises day-one tariffs to the detriment of consumers
President-elect Trump says he will sign an executive order on his first day in office imposing new tariffs on goods from China, Canada, and Mexico.
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Inflation slightly higher in October, credibility remains a stubborn obstacle: CEI analysis
The latest Consumer Price Index report shows inflation increased from 2.4 percent in September to 2.6 percent in October. While economic growth and the…
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Fed cuts interest rates and continues to decrease balance sheet: CEI analysis
The Federal Reserve has cut interest rates by a predicted 25 basis points and also announced that it will continue to decrease its balance…
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October adds 12,000 jobs to economy, far fewer than usual: CEI analysis
According to the latest Bureau of Labor Statistics report, only 12,000 jobs were added to the economy in October, largely due to job losses…
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GDP report for third quarter indicates strengthened economy: CEI analysis
The GDP report for the third quarter of 2024 shows 2.8 percent growth, indicating a rapidly growing and healthy economy. While there is still…
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Key inflation measure increased in September
The Department of Labor’s Bureau of Labor Statistics (BLS) announced today the Consumer Price Index (CPI) increased 0.2 percent in September, with the annual…
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US adds 254,000 jobs in September signaling a strong economy: CEI analysis
The US economy added 254,000 jobs in September, beating out economists’ predictions and indicating that the economy remains strong. While wages continue to rise…
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Fed reduces interest rates by 50 basis points: CEI analysis
The Federal Reserve today cut interest rates by 50 basis points, the first rate reduction in over two years. CEI experts give their analysis…
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Updated REINS Act introduced in Senate and House
Today, Senator Rand Paul (R–KY) and Representative Kat Cammack (R, FL-03) introduced an updated version of the REINS (Regulations from the Executive In Need of Scrutiny)…
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August CPI report shows housing prices driving up inflation: CEI analysis
Today’s Consumer Price Index report for August shows an overall inflation increase of 0.2 percent, mostly driven by rising housing prices. CEI senior economist…
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Unemployment rate edged down in August, all eyes on Fed’s next move: CEI analysis
August’s jobs numbers show an addition of 142,000 jobs to the economy, edging the unemployment rate down to 4.2 percent compared to July’s 4.3…
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Biden DOJ prosecution of RealPage will undermine multifamily housing supply and affordability
The Biden Justice Department along with 8 state attorneys general on August 23 announced a lawsuit against real estate software company RealPage, accusing the company…
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Big revision in job numbers spells bad news for the economy: CEI analysis
The economy added 818,000 fewer jobs between March 2023 and March 2024 than previously reported, according to preliminary Bureau of Labor Statistics data. CEI…
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Good and bad news for July CPI numbers: CEI analysis
The Consumer Price Index for July rose 0.2 percent in July after a 0.1 percent decrease in June, largely driven by housing costs. CEI…
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Judge gets Google antitrust ruling wrong
A federal judge ruled today that Google violated antitrust law, declaring “Google is a monopolist” in online search. Competitive Enterprise Institute antitrust, legal, and economic…
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Unemployment news may signal difficult inflation fight: CEI analysis
The jobs report for July shows an addition of 114,000 jobs to the economy, pushing unemployment to 4.3 percent. A cooled off labor market…
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Fed maintains interest rates while eyeing unemployment: CEI analysis
The Fed has decided to maintain interest rates while also turning its focus to unemployment, a move that CEI senior economist Ryan Young…
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Positive signs in 2024’s second quarter GDP report: CEI analysis
The nation’s GDP grew 2.8 percent during the second quarter of 2024. Strong growth indicates rapidly improving living standards and an easier fight against…
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Biden Rent Control Idea is Bad Housing Policy
President Biden today issued a call to impose federal limits on rent increases nationwide. That idea would have many drawbacks, not just for landlords…
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Inflation remains stubborn despite June’s good report: CEI analysis
Monthly inflation dropped -0.1 percent in June after being unchanged in May, according to the latest Consumer Price Index report. While this is good…
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June jobs report indicate hiring slowdown: CEI analysis
On Friday, the Bureau of Labor Statistics released June’s jobs numbers which reported an addition of 206,000 jobs to the economy compared to May’s…
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Supreme Court curtails SEC administrative law court powers
The U.S. Supreme Court today ruled that a hedge fund manager accused of securities fraud is entitled to a jury trial because the Securities and…
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May inflation decreases slightly, signals a slowing economy: CEI analysis
The inflation report released for May shows overall inflation decreased from 3.4 percent to 3.3 percent. While inflation levels are unlikely to hit historic…
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May jobs rebound, skilled workers still needed: CEI analysis
The job situation for May 2024 indicates employment numbers are rebounding with 272,000 jobs added, though employers are still struggling to find the right…
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Report considers economist Adam Smith’s guide to life, loveliness, and the modern economy
Upon the 300 year anniversary birth year of legendary economist Adam Smith, the Competitive Enterprise Institute today published a collection of essays exploring Smith’s…
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No surprises with April’s inflation report: CEI analysis
Inflation rose 0.3 percent in April compared to 0.4 percent in March. While this wasn’t a surprise for economists, the news indicates a tough…
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Biden’s China Tariffs will Undermine American Consumers, Not Alter China’s Policies: CEI Analysis
President Biden announced today he is raising protectionist tariffs on various Chinese imports, like electric vehicles, solar cells, semiconductors, and advanced batteries, ostensibly to fight…
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Inflation still too high to lower interest rates: CEI analysis
The Consumer Price Index report for March again read 0.4 percent, though the 12-month rate is now up to 3.5 percent. CEI senior economist…
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Economy adds 303,000 jobs in March, unemployment stays stable: CEI analysis
The Labor Department’s March jobs report show 303,000 jobs were added last month, with unemployment staying steady at 3.8 percent. Employers show that they…
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Fed ignores congressional pressure and keeps interest rates steady: CEI analysis
On Wednesday, the Federal Reserve announced that it will keep interest rates steady in a continued effort to fight off inflation. CEI senior economist…
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Inflation numbers more nuanced than they seem: CEI analysis
The Consumer Price Index numbers released today for February 2024 shows inflation increased to 0.4 percent, up from 0.3 percent in January. CEI senior…
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275,000 jobs added in February, employers watching economy and new labor rules: CEI analysis
The economy added 275,000 jobs in February, but the overall unemployment rate is higher than this time last year, sitting at 3.9 percent compared…
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Economy in a healthy spot for further growth: CEI analysis
Today’s GDP numbers for the fourth quarter of 2023 showed economic growth stood at 3.2 percent, a slight downward trend compared to the third…
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FTC suit to stop Krogers-Albertsons Merger would harm consumers
The Federal Trade Commission (FTC) today sued to stop the proposed merger between grocers Kroger and Albertsons. The FTC claims the merger would lead…
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House Oversight and Accountability Committee advances pro-transparency ALERT Act
The House Oversight and Accountability Committee today advanced H.R. 262, the All Economic Regulations are Transparent (ALERT) Act sponsored by Rep. Bob Good (R-VA).
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U.S. economy adds 353,000 jobs in January, employers eager to hire new workers: CEI analysis
In the first month of 2024, the U.S. economy added 353,000 jobs and the unemployment rate remained steady at 3.7 percent. Employers are ready…
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Interest rates to hold steady for now: CEI analysis
The Federal Reserve held interest rates steady at its most recent meeting, as expected. The speculation is now about when it will begin cutting…
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Strong Growth Report Will Allow Federal Reserve to Stay the Course on Fighting Inflation
The Department of Commerce’s Bureau of Economic Analysis released a report today showing the U.S. economy grew by 2.5 percent in 2023. Gross domestic…
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More to inflation story than meets the eye: CEI analysis
According to the Consumer Price Index, December saw inflation rise to 3.4 percent, up 0.3 percent from the month prior. Despite this, inflation numbers…
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216,000 jobs added in December, employers looking ahead to 2024: CEI Analysis
The U.S. economy added 216,000 jobs in December, slightly less than the year’s average gains. CEI experts explain why the labor market is in…
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Administrative Law Courts Are Unfair and Need Reform
A new Competitive Enterprise Institute report delves into a court system that most people are unaware exists – administrative law courts, or ALCs. In addition…
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Economy adds 199,000 jobs in November: CEI analysis
The U.S. economy added 199,000 jobs in the month of November, according to newly released government data. It’s a tightening labor market, with rising…
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Good News on Inflation during October, but It’s Still Too High: CEI Analysis
The consumer price index did not increase from September to October, according to newly released government numbers. But because core CPI is still higher…
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Economy added 150,000 jobs in October, fewer than average months: CEI analysis
The U.S. economy added 150,000 jobs in the month of October, fewer than in average months, according to government data released today. That suggests…
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Big Economic Growth for Third Quarter of 2023, Taming Inflation Didn’t Cause Recession: CEI Analysis
CEI Senior Economist Ryan Young pointed to new data on the economy’s impressive growth in the third quarter of 2023 as evidence that the…
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Inflation still too high as of September: CEI analysis
The federal government today released an update on inflation for the month of September, a rise of 0.4 percent in September compared to a 0.6…
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Economy adds 336k jobs in September, with implications for unions, job-seekers, and Fed interest rate decisions: CEI analysis
The economy added 336,000 jobs in the month of September, according to just-released government numbers. CEI experts expect this means opportunities for labor unions,…
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FTC antitrust lawsuit against Amazon risks harming American consumers
The Federal Trade Commission (FTC) and 17 states filed a lawsuit today in federal court alleging antitrust violations by Amazon. The lawsuit seeks the…
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Fed keeps interest rates the same but Washington politicians remain a threat: CEI analysis
As expected, the Federal Reserve today left interest rates unchanged at its Open Market Committee meeting today. CEI Senior Economist Ryan Young warns the…