Jobs

A Soft Landing in 2023?

Update 661 — A Soft Landing in 2023?Jobs, CPI, Tracking Fed Plane in the Sky As we enter a new year, the economy appears to be on the mend. Last year, inflation began accelerating and stayed elevated throughout. As yesterday’s CPI report makes clear, prices continue a descent thanks (only in part) to the Fed’s …

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Industrial Policy 2.0

Update 645 — Industrial Policy 2.0:A New Era in Economic Investment? As the 117th Congress draws to a close and the 118th Congress draws closer, most major legislative priorities outside of the FY22 budget and NDAA have been disposed of. A signal accomplishment of this Congress — obscured from view but present in some of …

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Running on the Economy

Update 612 — Running on the Economy The Part of the Glass That is Half Full You run on the economy you have, not the one you had planned on. In part one of two perspectives on running in this economy, we start today with the glass-half full. Per Friday’s glowing jobs report, the U.S. …

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Fed’s 50 bp Rate Hike

Update 606 — Fed’s 50 bp Rate Hike:Tight Labor Market Cause and Effect Per this morning’s jobs report, the US economy added 428,000 jobs in April, average hourly wages are up 5.5 percent from a year ago, and unemployment stayed at a mere 3.6 percent – a near 50-year low – showing that Americans are getting back …

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Rays of Hope in the Economic Picture

Update 580 — Enough Sinema Verite:Rays of Hope in the Economic Picture Senators Manchin and Sinema doubled down yesterday on their opposition to Senate filibuster reform and in essence, the critical voting rights package adopted by the House yesterday, which needs a reform of the Senate filibuster rule’s 60-vote threshold to pass. You might be …

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Labor Market Review

Update 563 — Labor Market Review:Participation Down Tho Benefits Cut The U.S. added 194,000 jobs in September but 183,000 people dropped out of the labor force, according to the Bureau of Labor Statistics’ September jobs report, released Friday. It’s the first report since federal unemployment programs ended on Labor Day, offering yet more evidence that pandemic-era unemployment …

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June Adds 850,000 Jobs

Update 542 — June Adds 850,000 Jobs;How Many Covid Job Losses to Recover? This morning’s June jobs report showed the U.S. economy added a substantial 850,000 jobs, with average hourly earnings rising 3.6 percent from a year ago. But labor force participation remained stuck, unemployment actually increased, and the job market has 6.8 million fewer …

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April Jobs Report

Update 530 — April Jobs Report:What Accounts for Hiring Slowdown? Last week’s Labor Department April jobs report showed the economy gained a net 266,000 jobs last month — much lower than expected. The surprising figure has led to debate about the efficacy and necessity of relief and reform measures.  But the problems the report revealed …

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Macro Reconciliation Act

Update 520 — Macro Reconciliation Act:Survey of Labor and Capital Markets 1Q21 Despite strong numbers coming out of the March jobs report, the economy still has 8.4 million fewer employed Americans than it did a year ago. With a new set of infrastructure proposals from the Biden administration on the table, the questions arise: how …

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