With 2016 unemployment rates of 2.7%, New Hampshire and South Dakota replaced North Dakota as the states with the lowest unemployment rates — the Bureau of Labor Statistics reported on Tuesday. New Mexico’s 6.7% unemployment rate is the highest in the country, pushing West Virginia and Nevada out of that position. National unemployment figures were […]
America spent an estimated $9,451 per person on healthcare in 2015, by far the most of any country. However, among wealthy, industrialized nations, the U.S. has the largest share of residents not getting the medical care they need due to financial costs. Among the 35 member nations of the Organization for Economic Co-operation and Development, […]
Economic growth has always been at the forefront of political discourse, but likely even more so since the Great Recession. How to achieve widespread prosperity has been a matter of heated debate. With the breakneck pace of technological development that has affected every aspect of our lives, many argue that advanced industries are essential to […]
Because sales tax is regressive — disproportionately affecting poorer residents — the decision to raise or lower the sales tax rate is often accompanied by intense debate. Still, last year, hundreds of cities and several states raised sales tax rates, although many others lowered rates as well. Sales taxes are levied by both state and […]
An estimated 5.2% of American workers commute on public transit. Larger, denser cities often require comprehensive public transportation systems that can reduce residents’ dependence on automobiles and help decrease traffic congestion, air pollution, and in some cases, travel time. In the Boston-Cambridge-Newton metro area, 13.6% of workers commute on public transit, larger than the national […]
More than one in three adults in America are getting less sleep than they need. While insufficient sleep is often considered normal, it can have dramatic effects on a population’s health and productivity. According to research funded by the National Institutes of Health, sleep deprivation in America is a largely unaddressed and growing public health […]
American motorists drove 17.6 million new vehicles off the lot in 2016, breaking the previous annual sales record of 17.5 million set the year prior. Indeed, for many, driving is a central component of the American identity. About 91% of the U.S. population belong to households with access to at least one vehicle, and every […]
For 83 straight months, nearly seven years, the U.S. private sector has added jobs. Unemployment has steadily declined and remains close to a 10-year low. And with investors confident about the economy, the Dow Jones Industrial Average broke through the 20,000 mark early this year. By these and other key measures, business in the United […]
Mankind has always sought to rise above the clouds, but it was not until the late 19th century that the technology became available to make what we commonly call skyscrapers today possible. In 1884, construction on the Home Insurance Building in Chicago was completed. It was 12 stories tall, which is practically diminutive by today’s […]
The federal government has some $51.4 billion in its coffers, primarily set aside for road construction and repair. These funds are raised from a federally imposed 18.4 cent tax on every gallon of gas purchased on American soil. On top of the federal tax, each state collects its own tax on every gallon of gas […]
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