Payrolls rose by 148,000 last month and the unemployment rate held steady at 4.1 percent. While the headline payroll number was below consensus, this is another solid report. Persistently strong job markets are most beneficial to the least advantaged—privileged types do well even in weaker markets—and the December unemployment rate for African-Americans fell to 6.8%,… Read more
For those looking for me on cable news… You’ll see less of me on MSNBC as, after a bunch of years, they decided not to renew my contract. Not sure why (feel free to complain to them!), but change happens, and I’m still a CNBC contributor, so you can see my talking head over there…. Read more
Over at WaPo: –I weigh in on the “will-the-tax-plan-help-or-hurt-the-R’s” debate. Lots of unknowables that will be known soon enough, but I suspect the plan’s largely negative first impression will persist. –Please, let’s avoid obfuscation. When politicians want to cut a program, do not let them get away with their favorite euphemisms, like “reform,” “fix,” “overhaul,”… Read more
Comments that in my judgment get the balance of criticism and snark wrong–they overweight the snark–get zapped by he-who-must-be-obeyed (that’s me!).
An interview with the great Heidi Shierholz over at WaPo on a thoroughly pernicious rule change from the Trump Dept. of Labor.