Jobs

Peering over the Fiscal Cliff (Apr. 11)

Update 262 — Peering over the Fiscal Cliff: Trillion-Dollar Deficits Far as the Eye Can See Earlier this week, the Congressional Budget Office (CBO) projected that the federal government’s annual budget deficit will reach $1 trillion next fiscal year.  Under current CBO expectations, the national debt will exceed $33 trillion by fiscal 2028, up from …

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Median Income Hits New Record But… Who Has Seen the Wage Gains? (Sep. 13)

Update 203 — Median Income Hits New Record But… Who Has Seen the Wage Gains? The news out of the Census Bureau yesterday that median household income has reached record heights — $59K — following an average growth rate of more than four percent over 2015 and ’16 — was an unambiguously good and a …

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Jobs & Job Training (Jul. 24)

Update 194 — Jobs and Job Training: Repeal & Defund vs. Resist & Defend Six months into the Trump administration — amid travel ban court fights, investigations, tweeted threats against investigations, staff shake ups, Russian collusion allegations, misspelled tweets, fake news, baked beans, and spam — the American worker, retired worker, and worker-in-training are still forgotten. Democrats …

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Full Employment Shortages (Jul. 11)

Update 190: Full Employment Shortages June Jobs Report & the Labor Market The BLS jobs report for the month of June, released last Friday, showed a resumption of net jobs gained — 222,000, up from 138,000 in May.  Unemployment came in at 4.4 percent, not far from what economists regard as maximum, or “full,” employment.  But …

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The Carrier Deal Examined (Dec. 1)

As he begins his victory tour tonight in Ohio, President-elect Trump appears on the cusp of a deal with a large Indiana manufacturing firm that would keep 500-1000 furnace-making jobs in the state. What’s the deal?   Is it a model for job creation and a tool for the four percent GDP growth that Trump is aiming …

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