News Release
Judge Rules Illumina-Grail Merger is Legal Despite FTC Antitrust Accusations
In a decision reached today, an administrative judge ruled that a proposed merger between Illumnia and Grail can proceed after ruling against a move…
News Release
U.S. Economy Adds 528k Jobs In July Amid Inflation and Shrinking GDP, but Congress isn’t Helping: CEI Analysis
The U.S. economy added 528,000 in July, and the unemployment rate edged down to 3.5 percent, the U.S. Bureau of Labor Statistics reported today.
News Release
GDP Woes Worsened by Lawmakers’ ‘Ready, Fire!, Aim” Spending Spree
Gross domestic product fell by 0.2 percent in the second quarter, according to the U.S. Commerce Department. Already there was a 0.4 percent decline in…
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Manchin/Schumer Deal on Health Care, Energy Spending is Bad News for Inflation, Taxpayers
Senate Majority Leader Chuck Schumer and Senator Joe Manchin reportedly announced a surprise deal on July 27 that resuscitates Democrats’ big government spending ambitions on…
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Statement by CEI Senior Fellow Ryan Young on the Fed’s Interest Rate Hike
The Federal Reserve today announced a 0.75 percentage point increase in the federal funds rate. It is the fourth such increase this year, and part…
News Release
Senate-Passed Corporate Welfare “CHIPS” Bill Won’t Help U.S. Companies Out-Compete China
The Senate today passed the CHIPS+ Act, a bill that would hand over tens of billions of tax dollars to domestic production of semiconductors. CEI…
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U.S. Economy Adds 372,000 Jobs in June – Good News for Recession Worries
The U.S. economy added 372,000 jobs in June 2022, according to a new tally released today by the government. Meanwhile, the unemployment rate held steady…
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Latest Employment Report Shows COVID Effects Lingering, Inflation Taking Toll
WASHINGTON—The Department of Labor reported today a gain of 390,000 jobs last month and that the unemployment rate remained at 3.6 percent, as did…
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Inflation Still 4x Higher than Target Rate, New Government Numbers Show
The inflation rate isn’t much changed from last month’s high figure, 8.3 percent compared to 8.5 percent, new government data shows. CEI Senior Fellow Ryan…
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April 2022 Job Gains Demonstrate Government Intervention Not Necessary
Today the federal government reported that the U.S. economy gained 428,000 jobs last month (similar to the number added in March). Those gains demonstrate that…
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New Job Gains for March 2022 Shows Businesses Open with Jobs to Offer: CEI Analysis
The federal Bureau of Labor Statistics announced today that the U.S. economy added over 400,000 jobs in the month of March – good news…
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In Order to Counter Inflation, Federal Reserve Should End Bond Buying Spree
The Federal Reserve announced today it would raise benchmark interest rates by a quarter percentage point with the aim of counteracting the effects of…
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U.S. Economy Adds 678,000 Jobs in February, but Inflation, Russia, Government Mandates Remain a Problem
The U.S. economy added 678,000 jobs in February, according to newly released government figures. CEI economic and labor policy experts praised the good news…
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Inflation Rise Should Trigger Response by Fed, Congress, President
Inflation is on the rise again, hitting the highest mark in 40 years, according to government figures. CEI Senior Fellow Ryan Young says the Fed,…
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U.S. Economy Added 467,000 Jobs in January 2022, Signaling No Need for Govt Meddling
The good news jobs gain in January gives President Biden and Congress ample reason to step back and let businesses and workers chart a…
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House Democrats’ China Bill Would Make the U.S Less Competitive and Harm Consumers
The House of Representatives is considering the America COMPETES Act this week, a bill described by sponsors as a “China competition bill.” The wide-ranging legislation…
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Federal Reserve Signals Interest Rate Hike to Fight Inflation: CEI Statement
The Federal Reserve today signaled an interest rate hike is coming in March to combat inflation. CEI Senior Fellow Ryan Young believes the Fed…
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Senate Antitrust Bill Would Deny Consumers Popular Services from Large Tech Platforms
WASHINGTON – The Senate Judiciary Committee is scheduled to mark up The American Innovation and Choice Online Act (S. 2992) today, a bill…
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Inflation Hits 40 Year High, but Policymakers Can Fix It
Inflation is up, again, the Bureau of Labor Statistics reports today. The Federal Reserve has a clear job to do, but Congress and President…
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Revived FTC Antitrust Suit Against Facebook Could Put Chill on Innovative Acquisitions in Tech Industry
WASHINGTON – A federal judge today reversed an earlier decision and permitted a case filed against Facebook by the Federal Trade Commission (FTC) to…
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December’s Disappointing Job Numbers Show Government Should Loosen Restrictions on Economy
On Friday, the Biden Administration released the jobs report for December 2021, showing the U.S. economy added 199,000 jobs. The number was far short of…
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Consumer Spending Growth Slows: COVID, Inflation, Supply Networks Are Factors: CEI Statement
On news today that inflation rose again in November, CEI Senior Fellow Ryan Young urged policymakers to do their part by spending less: “Consumer spending grew…
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Disappointing Job Gains for November 2021 Speak to Government Barriers to Economic Recovery
The U.S. economy added 210,000 jobs in November, far short of what economists expected. CEI experts say government mandates and restrictions remain a big part…
News Release
Thankful for Good Economic News on Jobs, Consumer Spending: More to Do
During Thanksgiving week, jobless claims dipped to 199,000, their lowest level in 52 years, when the country’s population was less than two thirds of…
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Fed Chairman Powell Should Prioritize Getting Inflation Under Control
President Biden has re-nominated Jerome Powell to head the Federal Reserve, and CEI Senior Fellow Ryan Young expressed hope that Powell will make the politically…
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Inflation Hits High Mark with Consumer Price Climb in October 2021, but Policymakers Can Take Steps to Help: CEI Statement
Bad news for consumers – prices rose 0.9 percent in October and to a 30-year high, according to data released today by the Labor…
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US Economy Added 531,000 Jobs in October, but Biden Vaccine Mandate, Govt Spending Pose Real Threat
The American economy added 531,000 jobs in October, according to the U.S. Labor Department. CEI experts pointed to Covid declines but also warned that…
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CEI Experts Weigh In on Reconciliation Framework Agreed to by White House and Congressional Democrats
WASHINGTON – The White House and congressional democrats announced agreement on a “framework” for a reconciliation bill that will spend nearly $2 trillion and includes…
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Jobs Added to U.S. Economy in September Show Signs of Hope and Hesitancy: CEI Analysis
The U.S. economy added 194,000 jobs added in September, and unemployment dipped. CEI experts Ryan Young and Sean Higgins say this is encouraging because it…
News Release
Senate Judiciary Antitrust Hearing on Big Data Based on Flawed Premises
WASHINGTON – The Senate Judiciary Committee’s Subcommittee on Antitrust will hold a hearing today on the implications of data on competition. Subcommittee Chair Senator Amy…
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Court Rules Apple App Store Rules Do Not Violate Antitrust Laws
A federal district court today ruled that Apple’s rules regarding payments on its App Store do not violate antitrust laws. The case, brought by video…
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Latest Producer Price Index Indicates Inflation Too High
The government’s latest numbers on average changes in prices, as measured by the Producer Price Index (PPI), are up at an annualized rate of 8.3…
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WEIRDest People in the World Author to Keynote Competitive Enterprise Institute Event September 21
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Disappointing August Job Gains Tied to Covid Restrictions, Politics
Competitive Enterprise Institute experts commented on today’s disappointing news about August job gains, urging policy makers to reject restrictions and politics and look for ways…
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Consumer Spending, Personal Income Growth Hinge on Combating Covid Delta Variant
The federal government today released July data on consumer spending (slower growth compared to June) and personal income growth (higher than expected). CEI Senior…
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FTC’s Latest Antitrust Case Against Facebook a Conflict-of-Interest in Search of a Crime
The Federal Trade Commission (FTC) voted to re-file an antitrust case against Facebook, accusing the social media company of being a monopoly and seeking to…
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Jobless Claims Drop to Pre-Pandemic Level but Congress Spending Binge Threatens Recovery
The federal government today reported a drop in seasonally adjusted initial unemployment claims to the lowest level for this average since March 2020. CEI…
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July Jobs Analysis: More Spending, Restrictions from Congress Won’t Help
The U.S. economy added 943,000 jobs in the month of July, with a decline in unemployment to 5.4 percent according to government numbers released…
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Numbers Show Economy is Recovering, but Washington Spending Won’t Help
New numbers from the Commerce Department show the economy showed strong growth in the second quarter of the hear, with gross domestic product (GDP) at…
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CEI Supports Sen. Rick Scott and Rep. Byron Donald’s New Regulatory Reform Bill to Prune Unneeded Rules
WASHINGTON – Sen. Rick Scott (R-FL) recently introduced S. 2239, the Unnecessary Agency Regulations Act of 2021, a law that would require the Office…
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Government Can Further Jobs Gain By Continuing to Ease Restriction and Not Spending
The economy added 850,000 jobs in June, according to newly released numbers by the Labor Department. That exceeds the anticipated number of 700,00. And the…
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US/EU Reach Limited Agreement on Aerospace Tariffs but Fall Short
The European Union and the United States eagerly announced today that they resolved their 17-year dispute over aerospace subsidies, but subsidies to Boeing and Airbus will remain…
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Jobs Numbers Show Rolling Back Covid-19 Restrictions Would Restore Resilience in U.S. Economy
The Biden Administration’s Labor Department reported today that the United States added 559,000 jobs in May and the unemployment rate dropped to 5.8%. CEI Senior…
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DC Antitrust Suit Against Amazon Could Actually Harm Consumers by Making Online Goods More Expensive
The District of Columbia’s Attorney General filed a lawsuit today against Amazon, alleging the tech company is engaged in anti-competitive behavior by controlling retail…
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EU Antitrust Action Against Apple – Bad for Trade, Bad for Consumers
The EU Commission declared today that “Apple has a monopoly” in the distribution of music streaming apps to owners of Apple devices, the upshot of…
News Release
Hawley Antitrust Plan Would Limit Innovation and Harm Consumers
Senator Josh Hawley (R-MO) today touted a new proposal he calls a “trust busting plan” that calls for a new standard for antitrust intervention to…
News Release
CEI Commends Sen. Lankford for Introducing Pandemic Preparedness, Response, and Recovery Act
On Thursday, Senator James Lankford (R-OK) introduced the Pandemic Preparedness, Response, and Recovery Act. The bill would establish an independent commission to…
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CEI Experts: Courts Should Dismiss Antitrust Lawsuits against Facebook
Facebook today asked courts to dismiss antitrust lawsuits brought by the Federal Trade Commission and state attorneys general, an outcome supported by the Competitive Enterprise…
News Release
Federal Minimum Wage Hike will Force Cuts Elsewhere
With the Democrat-controlled Congress aiming to imminently pass a plan to increase the federally-mandated minimum wage from $7.25 to $15 per hour nationwide as part…
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Federal Minimum Wage Hike to $15 an Hour Will Hurt Small Businesses, Lead to Lost Jobs
President-elect Joe Biden today announced a $1.9 trillion COVID-19 recovery plan that includes not only $1,400 stimulus checks to many Americans but a federal minimum…