U.S. Chamber comments on weak private sector job growth
WASHINGTON, D.C. — Following Friday’s report that only 67,000 new jobs were created in the private sector in August, the U.S. Chamber of Commerce’s Chief Economist, Dr. Martin Regalia, issued the following statement:
“The employment data released today shows another month of anemic job growth in the private sector and an outright decline in the total number of jobs.
“While this data was better than expected, it is a sad day when such a dismal number exceeds our expectations.
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U.S. Chamber highlights continued barriers to job creation at annual Labor Day briefing
WASHINGTON, D.C. — As businesses struggle with an increasingly uncertain economic climate and millions of Americans struggle to find work, experts at the U.S. Chamber of Commerce’s annual Labor Day briefing today explored the impact that pending tax increases and burdensome regulations could have on job creation.
“The most important thing Washington can do for the economy is to take action immediately to prevent massive tax increases on America’s consumers and businesses,” said Dr. Martin Regalia, chief economist for the U.S. Chamber. “Providing certainty for employers will go a long way toward restoring our economy and creating jobs for the American people.”
U.S. Chamber & ACIP Release Study on Importance of High-Skilled Immigration to U.S. Competitiveness
WASHINGTON, D.C. — The U.S. Chamber of Commerce and the American Council on International Personnel (ACIP) unveiled a joint study today on the importance of opening America’s doors to highly educated workers who promote innovation and U.S. competitiveness. The report, “Regaining America’s Competitive Advantage: Making Our Immigration System Work,” was commissioned to provide a clear analysis of current high-skilled immigration programs and proposals from the perspective of employers, who are America’s job creators. The analysis examines the employer-based high-skilled immigration system and offers recommendations for fixing existing problems in the system through regulatory and legislative means.
Poll: 58% Oppose Federal Mortgage Forgiveness Plan for Troubled Homeowners
Rumors have circulated that the Obama administration is considering a partial mortgage forgiveness plan to help those who owe more than their homes are worth. According to a poll by Rasmussen Reports, just 28% of U.S. voters favor such a proposal.
A new Rasmussen Reports national telephone survey finds that 58% oppose a proposal to have the federal government forgive a portion of the mortgage debt owned by troubled homeowners. Fourteen percent (14%) are not sure about it.
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U.S. Chamber’s Regalia comments on July jobs numbers
WASHINGTON, D.C.—Dr. Martin Regalia, chief economist for the U.S. Chamber of Commerce, today issued the following statement on the July jobs numbers:
“While the private sector continued to add jobs at a paltry rate in July, the numbers were clearly insufficient to drive the unemployment rate down or to re-employ those workers displaced during the recent downturn.
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U.S. Chamber Comments on Second Quarter GDP Numbers
WASHINGTON, D.C.—Dr. Martin Regalia, Chief Economist for the U.S. Chamber of Commerce, today issued the following statement on data showing that U.S. economic growth slowed to an annual rate of 2.4% in the second quarter of this year from a revised first quarter growth rate of 3.7%:
“The data for real growth released today confirms the belief that the economy is slowing sharply.
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U.S. Chamber: Financial Reform Law Will Create Uncertainty, Not Jobs
WASHINGTON, D.C. — As the President prepares to sign the Financial Regulatory Reform bill into law today, the U.S. Chamber of Commerce pointed to the greater uncertainty it will create for business at a time when there should be a renewed focus on creating jobs.
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U.S. Chamber: Cost of ‘Not In My Back Yard’ at $560 Billion and 250,000 Jobs
WASHINGTON, D.C.—A flawed permitting process for energy projects is the main contributor to roughly $560 billion in lost direct and private investment and 250,000 jobs, according to testimony delivered today by U.S. Chamber Senior Vice President William L. Kovacs before a joint meeting of the Senate and House Western Caucuses.
“The ‘Not In My Back Yard’ folks have abused a flawed permitting process to block 381 energy projects, nearly 44% of which involve renewable energy,” said Kovacs. “They have organized local opposition, changed zoning laws, opposed permits, filed lawsuits, and bled projects dry of their financing. It’s like an anchor on economic growth and job creation.”
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Results of poll on prospects for economic turnaround in 2010
Our most recent online poll question was “how optimistic are you that the national economy will turn around in 2010?”
The results:
- Not Very – 29%
- Not at all – 29%
- Somewhat – 21%
- Neutral / Unsure – 15%
- Very – 6%.
Cape Fear Business News’ online polls are not scientific.
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New Credit Card Law Taking Effect Today May Empower Consumers
WASHINGTON, DC – Credit card customers will benefit from sweeping new protections beginning today, February 22 as the bulk of the rules implementing the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 take effect. These new rules signal the beginning of a new era of empowerment for card customers, and cover a wide range of issues of concern to consumers and policymakers.
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