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The stat, called labor share of national income, is being squeezed by globalization, declining union membership and automation.
And 72% of CEOs surveyed anticipate modest or significantly increased hiring in the next year.
The agency’s estimates that immigrants will add $7 trillion to gross domestic product over the next decade.
Campaigns and advocacy groups may spend up to $17 billion on ads in 2024. Many pitches will focus on the local and the personal.
He cited job growth and cheaper drugs for seniors, among other things.
The National Association for Business Economics’ latest forecast predicts higher economic growth and lower unemployment.
While inflation is moderating, some health-related costs are still climbing.
The U.S. and China loom large over Taiwan’s presidential and legislative elections on Jan. 13, but so do domestic bread-and-butter issues.
Fairly low unemployment, gradually slowing inflation and continued economic growth are all positive signals. But there are risks too.
Germany is facing a budget crisis amid rising energy costs, urgent calls for immigration reform and more pressing issues.