Tax Increases Coming To Alabama?

Alabama is facing a budget problem

Alabama is facing a budget problem. The state needs to come up with around $700 million to sure up its finances. According to the Associated Press, Governor Robert Bentley is now considering tax increases to help fix the budget. Governor Bentley has said in the past and continues to state that tax increases are a…


Unemployment Drops To 5.8%

economy

October proved to be another strong month for jobs as the US economy added another 214,000 to its payrolls. The unemployment rate dropped to 5.8%. The October report also added 31,000 jobs to totals from August and September. October marks the 9th straight month of job gains over 200,000. Despite the strong numbers in 2014,…


US Economy Grew 3.5% In Third Quarter

Economy Grew

The US economy continued its strong growth in the third quarter, increasing at a 3.5% clip from July through September. Growth was slightly slower than the 4.6% experienced in the second quarter, but still strong enough to please economists. The strength of the economy was attributed to rising exports and federal spending. The US appears…


Unemployment Claims Fall To 14 Year Low

unemployment

According to the US Labor Department, applications for unemployment aid fell to a 14 year low on Thursday. Applications fell by 23,000 to 264,000. This represents the lowest number of applications since April of 2000. The less volatile four week average fell 4,250 to 283,500. The four week average is at its lowest level since…


US Deficit Lowest Since 2008

deficit

The US deficit has fallen to the lowest levels seen since 2008. According to the Congressional Budget Office, the US deficit for FY2014 was $486. The figure represents a $195 billion drop from FY2013, and the lowest level of Barack Obama’s presidency. The US deficit has been a growing problem over the last decade and…


Unemployment Rate Falls Below 6%

jobs

For the first time in six years, the US unemployment rate has fallen below 6%. The US economy added 248,000 jobs in September, beating expectations and sending the unemployment rate from 6.1% to 5.9%. This is the healthiest the US job market has been since July of 2008. Numbers for July and August were also…


Second Quarter GDP Revised Up Again

dollar

The US economy grew even faster than previously thought in the second quarter. The latest revision shows that April-June saw a 4.6% increase in economic output. Previous estimates for GDP showed a 4.2% growth rate. The second quarter had the biggest economic expansion since 2011. The strong spring followed a dismal start to the year.…


August Jobs Report Disappoints

After months of positive jobs reports, the August numbers were a bit of a let down. Over 142,000 jobs were created, ending a stretch of 6 straight months of gains over 200,000. The unemployment rate dropped to 6.1%. The numbers surprised analysts, as most data points to an economy that continues to grow. CNBC’s Jim…