The Economic Report of the President is an annual report written by the Chairman of the Council of Economic Advisers. It overviews the nation’s economic progress using text and extensive data appendices. The Economic Report of the President is transmitted to Congress no later than ten days after the submission of the Budget of the United States Government. Supplementary reports can be issued to the Congress which contain additional and/or revised recommendations.
The Economic Report of the President is issued by the Executive Office of the President and the Council of Economic Advisers. It includes:
– Current and foreseeable trends and annual numerical goals concerning topics such as employment, production, real income and Federal budget outlays.
– Employment objectives for significant groups of the labor force.
– Annual numeric goals.
– A program for carrying out program objectives.
From the blog post:
This morning, the Council of Economic Advisers is releasing the 2014 Economic Report of the President, which discusses the progress that has been made in recovering from the worst recession since the Great Depression, and President Obama’s agenda to build on this progress by creating jobs and expanding economic opportunity. This year’s report highlights steps the Obama Administration is taking to address three key imperatives: continuing to restore the economy to its full potential, expanding the economy’s potential over the long-run, and ensuring that all Americans have the opportunity to realize their full individual potential.
Below are seven highlights from each of the seven chapters in this year’s Report:
Chapter 1 introduces the Report and highlights several key areas where progress has been made, but it also lays out the areas where much more work remains to be done…..
Chapter 2 reviews the economy’s performance in 2013 and discusses the key reasons why the Administration, like other forecasters, expects growth to strengthen in the coming years…..
Chapter 3 evaluates the impact of the Recovery Act and subsequent fiscal jobs measures on the economy, finding that they made a substantial and sustained contribution to the level of jobs and output…..
Chapter 4 analyzes the causes and consequences of the historic slowdown in the growth of health care costs, which has potentially massive implications for families, employers, and the Federal budget…..
Chapter 5 discusses the vast advances that have been made in the technology sector in recent years, the broader context of productivity growth over the last 60 years, and the President’s agenda to support research and foster innovation going forward…..
Chapter 6 takes stock of the progress that has been made, lessons that have been learned, and ways to take the next step forward in combating poverty 50 years after the start of the War on Poverty…..
Chapter 7 focuses on how high-quality “impact” evaluations of Federal programs can influence public policy for the better, and how they have been used to focus Federal dollars on strategies that work…..