Two recent pieces looked at where we are in this recovery and why, seven years into an expansion, we’re still not at full employment. One is by my main man Josh Bivens from the Economic Policy Institute and the other is by David Mericle and Avisha Thakkar from Goldman Sachs (GS) research (sorry; no link to that one)…. Read more
As you’ve probably seen, Donald Trump talked mostly tax policy yesterday in a big speech in Detroit. He’s amending his original tax plan, which I guess he no longer thinks is as awesome and amazing as when he first introduced it. Here are a few points which, amidst all the hoopla, you might not have… Read more
I suspect OTE’ers will like this one, over at WaPo. The book I cite, by Bakija et al, is also worth a close look. I get that we’re not exactly living in Factville these days, but I won’t let that stop me!
Employers added 255,000 jobs last month and the unemployment rate held steady at 4.9% in yet another strong report on the conditions of the US labor market. The job market is clearly on the path to full employment and solid monthly gains are particularly evident once we average out the monthly volatility in the data… Read more
I hope so, and it’s what I wrote about yesterday in the WaPo. Let me entertain OTEers with a few more thoughts on the topic, including feedback I got yesterday. One response was: “You’re endorsing fiscal recklessness! There’s nothing “progressive” going on here; it’s just politicians not giving a crap about our troubled fiscal accounts.”… Read more