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NWSOFA Fiscal and Economic Issues December Meeting
December 20, 2016 @ 7:00 pm - 11:00 pm
Our December meeting will be Tuesday, December 20th from 7-10 pm at Schaumburg Library.
RSVP at https://my.barackobama.com/page/event/detail/gsfxf5
Nationally job growth continues to be strong with 2.35 million jobs added in the last 12 months. October job growth was reported as 161,000 jobs added. Real GDP growth in the 3rd quarter has been revised up to3.2% (from 2.9% initially). Most recent report of 2nd quarter GDP growth was 1.4%. We will be discussing these numbers at our meeting on the 20th.
Illinois job numbers have been significantly revised by the BLS, with 2014 job growth now reported at +88,000 and 2015 job growth now reported at 51,400. Job growth for the first ten months of 2016 was reported at 48,400.
The detailed agenda with sources for the numbers can be found at
I will be updating this information next week to incorporate Friday’s employment report.
The November PowerPoint presentation is attached. I will be creating the December presentation before the meeting.
While we won’t be discussing political candidates at our Fiscal meeting due to the non-partisan nature of OFA, we will be discussing them and other topics at the after meeting at Lou Malnati’s starting about 9:30. Everyone is invited to join this discussion as well. My collection of articles about the candidates’ policy positions can be found at
I appreciate everyone who has joined us for our meetings so far this year. We had some good discussions. I hope the weather gods cooperate and we get a good crowd again this month.
I hope to see you on the 20th.
Karl Faulstich
(m) 773-991-6587