Kevin Hassett, the chairman of the Council of Economic Advisers, says a tax cut like the one President Trump is proposing could potentially lift wages by about $4,000.
In 42 states, personal income grew from the past year, even after adjusting for inflation, according to a report from Pew Charitable Trusts.
A majority of Guatemalans who migrate to the United States—91.1 percent—are seeking better economic opportunities, according to a study from the International Organization for Migration.
President Donald Trump’s proposed budget for 2018 would reduce the deficit over the next decade by $160 billion and increase GDP at the same time, according to an analysis from the Congressional Budget Office.
The number of job openings for workers hit a record-high of 6,044,000 in April, according to data from the Bureau of Labor Statistics.
Global economic growth is projected to hit 2.7 percent this year because of an increase in manufacturing and trade, higher confidence in the economy, commodity prices that have stabilized, and more positive financing conditions, according to a report from the World Bank.
The majority of small businesses—55 percent—say that progressive policies like the Obamacare mandate, minimum wage hikes, and regulation threaten expansion of their business, according to the 2017 small business survey from the Job Creators Network.
More than half of U.S. households—53 percent—had hardship experiencing a financial shock in 2015, according to a report from Pew Charitable Trusts.