Update 904 — September CPI up to 3%;Roadmarks ahead for Ongoing Shutdown This morning saw the release of new data showing that prices rose 3.0 percent on an annualized basis in September — the highest level since January. The price increase and the steady increases in recent months are the by-product of the Trump administration’s …
Update 899 — Shutdown in Stalemate;Trump Resorts to Partisan Scare Tactics The government funding stalemate for the fiscal year starting October 1 resulted in a shutdown this week with no end in sight. Meanwhile, the Trump administration took a partisan turn, canceling infrastructure funding in blue cities/states and using agency web pages and email autoreplies …
Update 884 – Trump/Powell Tete a Tete, Japan Deal, EO on AI, Noms Lead Week President Trump continued his ongoing pressure campaign against Federal Reserve Chair Jerome Powell in a highly unusual hard-hat clad tete-a-tete to tour the Fed’s Washington D.C. building renovations yesterday afternoon. Trump called on the Fed to lower interest rates ahead …
Update 861 — DOGELess Barking But Still Biting DOGE’s initial visibility, assault on the civil service, budget cuts, and firings drew unwanted scrutiny and criticism, making it the focal point for the backlash against Trump, Musk, and the GOP’s efforts to reshape the federal government. Since then, the Trump administration’s actions, from immigration to tariffs, …
Update 823 — Trump Rolls to Second TermFed Rate Cut 25bp; Powell Defiant on Trump Supported by 56 percent of working-class voters, themselves 57 percent of the electorate, and taking down the Blue Wall, Donald Trump won the presidential popular vote majority for the first time, en route to a 295-226 electoral college margin (on …
Update 821 — Closing Economic Arguments:Record and Vision Presented by Candidates Following Donald Trump’s controversial and divisive speech on Sunday at Madison Square Garden and Kamala Harris’s rousing final appeal last night at the National Mall, voters have now heard the candidates’ closing arguments in the 2024 campaign. Their cases on economic policy present a …
Update 777 — 175,000 Jobs Added in AprilLabor Market Data; Week’s Key Hill Hearings On Wednesday, Fed Chair Powell made clear that long-elevated interest rates would remain in place, perhaps well into autumn, until either price or labor market data showed a retreat. This morning’s jobs report showing the economy added 175,000 jobs in April …
Update 777: April Jobs Data; Week’s Key Hill Hearing Read More »
Update 766 – Impact of Organized Labor On Wages, Conditions, Markets, Politics For several years now, we have seen a labor market so “tight” that job opportunities have outnumbered workers available to fill them, with big gains in wages as demand outstrips supply. Within that market is organized labor, which has seen, or led, much of …
Update 709 — Summer of Labor Discontent:What’s at Stake for Workers in the Strikes? The U.S. labor market finds itself catching up at last — for the first time since early in the pandemic, workers’ wage gains are now exceeding the rate of inflation. Unemployment is close to a 50-year low. Bargaining power is now …
Update 709 — Summer of Labor Discontent: What’s at Stake for Workers in the Strikes? Read More »
We pause coverage of macroeconomic issues and the midterms for a moment to look at a growing problem for workers: the lack of protections for those in the gig economy and the misclassification of workers. Last week, the Biden Administration released its proposal for a new rule that would provide guidance on the classification of …
