September 2011 exports highest on record
Economic Indicator: Foreign trade data show U.S. well on its way to NEI goal of doubling exports in five years
Economic Indicator: Foreign trade data show U.S. well on its way to NEI goal of doubling exports in five years
The Economics and Statistics Administration (ESA) and the National Telecommunications and Information Administration (NTIA) released a report today entitled “Exploring the Digital Nation: Computer and Internet Use at Home.” This report investigates broadband Internet use in the United States and finds that disparities continue to exist in broadband Internet adoption among demographic and geographic groups.
Last week’s gross domestic product (GDP) report confirmed that our economy continues to grow (2.5 percent in the third quarter), although not as quickly as we would like. The fears of a “double dip” recession didn’t come to pass (if anyone in the DC area is interested in a triple dip, head to Ben and Jerry’s from 4 to 7 for their 3-dips-for-3-bucks special.). One reason why the economy isn’t growing faster is that budget constraints are forcing continued and historically deep contractions in state and local government spending. Measures within the American Jobs Act can help bridge the gap.