NWSOFA-Fiscal and Economic Issues Discussion Group (Economic Opportunity-Action Event)

Northwest Suburbs Organizing For Action (NWSOFA) Fiscal and Economic Issues Discussion Group

January Monthly Meeting (Economic Opportunity -- Action Event)

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 December report which will be released the first week in January.

Some similar type reviews of economic highlights we discussed last month based on the November report:

Jobs Recovery - 2.7 million jobs added in last 12 months; more Americans working than before the recession.

321,000 jobs added in November; September and October employment revised up by 40,000 jobs. Unemployment rate: nationally at 5.8% in November, down 1.3% in the past year and continues to trend down from its high of 10%.

GDP growth: 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.

Budget Deficits - Historical and Projected: 2.8% of GDP in FY 2014, down from a high of 9.8%

Attend the January 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.

Date: Tuesday, January 13, 2015

Time: 7:00 PM - 9:00 PM

Location: Arlington Heights Memorial Library, 2nd floor conf room “I“

500 North Dunton Avenue, Arlington Heights, IL 60004

More information at nwsofa.org or by phone at (224)241-2012