Economy

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Economy

The Economy: Is It Bad? Well, It’s Not Good

October 22, 2026 -
Public sentiment about the economy reached historic lows in the first half of 2026, falling to levels typically seen during recessions. This was true whether consumers, businesses, or farmers were surveyed. While the economy may not be as bad as these surveys suggest, several key economic indicators did weaken in 2026, a trend that started in 2025.

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Economic growth is key to improving living standards and the quality of life across the United States. 

We examine how changes in the economy affect federal and state budgets, and how federal and state budget and tax proposals would affect economic growth. We also examine trends in employment and promote reforms to strengthen the unemployment insurance system, provide more adequate federal and state minimum wages, and create policies that would lead to full employment.

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Gbenga Ajilore

Gbenga Ajilore

Chief Economist
Economy
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