MA’s Joel Prakken was quoted in the article, “This is what immigration means to the US economy in two charts” by Patti Domm with CNBC. (Excerpts shown below) Immigrants are responsible for nearly half the population growth of the United States, and by extension that also means they are a sizable part of the growth in the U.S. labor force. Statistics provided by the U.S. Census Bureau on assumptions about population growth and immigration are rolled into economists’ forecasts for GDP. The economy is expected to grow at about 2 percent, and “what’s behind that projection is the assumption of labor … Continue Reading
Monthly GDP rose 0.7% in February, reversing January’s 0.7% decline. The February increase was largely accounted for by increases in domestic final sales and net exports. Nonfarm inventory investment rose somewhat in February, but less than we were expecting prior to this morning’s advance report on inventories and trade. The level of GDP in February was 1.2% above the fourth-quarter average at an annual rate. Implicit in our latest tracking forecast of 1.1% GDP growth in the first quarter is a solid, 0.6% increase in monthly GDP in March. Two-tenths of this increase reflects an assumed rebound in PCE on … Continue Reading
MA’s Chris Varvares appeared on Squawk Box on Monday March 27. The segment also featured Robert Waas of RSW Investments and focused on the market and economic impact of the failure of the health care bill as well as how the timing and size of other Trump proposals might be affected. Click here to watch the video.