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NWSOFA Fiscal Issues and Economics Team Monthly Meeting

February 17, 2015 @ 7:00 pm - 9:00 pm

Fiscal Discussion Groups January BLS Deep Dive
Fiscal & Economic Discussion Group
February 17th Meeting
@ the Schaumburg Library
Second Floor Conference Room
February 17th
7:00-9:00 pm
Want the Facts about the Economic Recovery? 
Attend the Monthly Fiscal and Economic Issues Discussion Group Meeting and be amazed at what you discover.

We will have our standard update of the economy, both jobs and GDP. We will also continue our discussions of the economic recovery and policy issues that affect the recovery. The discussion will be based on the Bureau of Labor Statistics January 2015 report which will be released the first week in February.

Some similar type reviews of economic highlights we discussed last month

 based on the December report:

      • Jobs Recovery – 2.79 million jobs added in last 12 months of 2014; more Americans working than before the recession.
      • 321,000 jobs added in December.
      • 2.8 million in last 12 months
      • November and October employment revised up by 540,000 jobs
      • Unemployment rate: nationally at 5.68% in December, down 1.3% in the past year and continues to trend down from its high of 10.1%.
      • GDP growth: 3.8% Revised to 5.0 % in the 3rd quarter and 4.6% in 2nd quarter, up from minus 2.1% in 1st quarter. It appears that the negative 1st quarter result was just an anomaly, primarily due to the harsh winter in much of the country.Preliminary 4th quarter 2014 data will be released on January 30th.
      • Budget Deficits – Historical and Projected: 2.8% of GDP in FY 2014, down from a high of 9.8%
      • New 10 year CBO projections released in January: deficit will stay below 3% of GDP for the next few years, but we still have a problem in the out years as baby boomers retire.
      • Funding for Department of Homeland Security expires February 27, 2015. Congress needs to act to avoid a partial government shutdown.

Attend the February Discussion and be the most informed on your block or your discussion group!

As always this is a discussion group .. bring your articles and your wits to talk about all sides of the issues.

Karl, Helen & Bill

To RSVP to the Fiscal Discusion Group Event: Click on this Line to Register 



February 17, 2015
7:00 pm - 9:00 pm




Schaumburg Library
130 S. Roselle Road
Schaumburg, IL United States
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