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CEA
Council of Economic Advisers | Tweets may be archived:
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CEA Jul 30
The prompt federal response mitigated the depth of the contraction. In early estimates from the University of Pennsylvania , the CARES Act reduced the GDP contraction in the second quarter by 7 percentage points, or $1.3 trillion seasonally adjusted at an annual rate.
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CEA Jul 30
Replying to @WhiteHouseCEA
Consumer spending, which accounts for roughly 70% of the U.S. economy, contributed to most of the decline, accounting for 25.05 percentage points of the -32.9% annualized decline.
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CEA Jul 30
Reflecting the pandemic shutdown, real GDP shrank -32.9% at an annual rate in the second quarter, the largest quarterly contraction on record. For comparison, the largest quarterly decline during the Great Recession was -8.4% (AR) and the prior series low was -10.0% (AR) in 1958.
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CEA Jul 29
Read more about what 's policies have done to unleash energy innovation and dominance here:
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CEA Jul 29
Energy innovation benefits the poorest Americans the most. Overall, this innovation saves American families $203 billion annually; that’s an average savings of $2,500 for a family of four.
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CEA Jul 24
New single-family home sales increased 13.8% in June, reaching their highest level in 13 years.
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CEA Jul 23
Reopening our schools is critical to ensuring that parents can go to work and provide for their families. As stated today, CEA estimates that 5.6 million people will be unable to return to work if schools do not reopen this year.
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CEA retweeted
Maria Bartiromo Jul 20
Labor market will drive coronavirus economic recovery: Council of Economic Advisers chairman
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CEA Jul 17
’s “deregulatory actions are raising real incomes by increasing competition, productivity, and wages and by reducing the prices of consumer goods, while maintaining regulatory protections for workers, public health, safety, and the environment.”
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CEA Jul 17
Check out CEA’s latest blog to learn how deregulation delivers real benefits for American families, especially those most in need:
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CEA Jul 17
From : Payrolls grew in all 50 States and D.C. from May to June, and the unemployment rate showed a statistically significant decrease in 42 States, reflecting state reopenings as of mid-June.
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CEA Jul 16
From the : This Is How Much Overregulation Would Cost Your Family Each Year:
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CEA Jul 16
The Trump Administration replaced costly fuel standards with the Safer Affordable Fuel Efficient (SAFE) Vehicles rule, making cars more affordable for hard-working Americans. CEA estimates this action will lower the price of new vehicles by $2,200.
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CEA Jul 16
Replying to @WhiteHouseCEA
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CEA Jul 16
’s deregulatory policies are lifting up all Americans. From FY2017 to FY2019, the Trump Administration cut nearly eight regulations for every new, significant regulation. CEA estimates this approach will raise real incomes by upwards of $3,100 per household per year!
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CEA retweeted
The White House Jul 16
"Our historic regulatory relief is providing the average American household an extra $3,100 every single year."
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CEA Jul 16
From : Total nominal retail and food service sales increased 7.5% in June. The May and June increases offset most of the declines in March and April. June’s total retail sales level is now 0.6% below February’s level.
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CEA Jul 15
Replying to @WhiteHouseCEA
Industrial production’s 5.4% jump in June is the largest monthly increase since the end of the 1959 steel strike. The 7.2% increase in June manufacturing output is the largest monthly increase since 1946.
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CEA Jul 15
From : In June, industrial production and manufacturing industrial production jumped 5.4% and 7.2% respectively, both easily beating expectations.
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CEA Jul 14
The June increase in the small business optimism index nearly doubled market expectations, and pushes the index above where it stood in November of 2016.
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