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And Washington is back in the sport, making wanted investments in important federal programs. Building again higher means many things—investing in infrastructure, building a stronger safety net, building extra resilient communities, and so on. I consider that it also requires some new considering from these of us working in the economic development profession. Before the pandemic, the journey trade generated roughly $2.6 trillion, supported 17 million American jobs and delivered $fifty one billion trade surplus to the U.S., the discharge states.

This box presents an indicator for actual economic activity within the United States based mostly on the textual analysis of newspaper articles. The indicator is constructed using data from the Factiva database, which collects all articles printed by main newspapers for a big set of countries. Newspaper articles revealed within the United States are extracted from the database and used to construct a textual content-based mostly activity indicator. For every day since January 1970, the indicator measures the number of articles that discuss a slowdown in the US financial system relative to the entire variety of articles revealed in the United States. Intuitively, the constructed index ought to co-move with the business cycle as newspapers devote extra space to …

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