Archive for the ‘Jobs’ Category

True and important: trade deficits are not scorecards. But under certain conditions, they’re far from benign.

March 28th, 2016

Neil Irwin over at the NYT has apparently drawn the unenviable job of explaining what’s wrong with Trumponomics. His latest entry, on trade deficits, is framed around an important, overlooked point, but he misses some important nuances, and his conclusion re trade deficits as conditionally benign seemed pretty far off to me. As this is… Read more

Jobs Day: Slower payroll growth but faster wage growth as we get closer to full employment

February 5th, 2016

Job growth slowed in January, as the nation’s employers added 151,000 net new jobs, compared to over 250,000 in each of the prior three months. However, while slower job growth may be a function of recent market volatility and slower growth abroad, it is far too soon to draw any such conclusions from one month’s… Read more

So, you’re giving the SOTU…

January 11th, 2016

Which economic backdrop would you prefer? This one, from the last jobs report before President Obama’s first SOTU in Jan 2010? Or this one, from the last jobs report before President Obama’s SOTU tomorrow night? That’s of them there rhetorical questions…