Archive for the ‘New Posts’ Category

A nice wage pop in January should be welcomed, not feared!

February 2nd, 2018

Payrolls rose 200,000 last month, the unemployment rate held steady at 4.1% and wage growth popped up to 2.9%, it’s the fastest year-over-year growth rate since mid-2009. In other words, here’s yet another strong jobs report. Our jobs-day smoother averages out some of the monthly noise in the payroll data by taking averages over 3,… Read more

Real-time estimates of potential GDP: An important, new paper from the Full Employment Project

January 31st, 2018

You ask me, the important DC event of the moment wasn’t last night’s State of the Union address. It’s the far less scrutinized meeting going on at the other end of town, over at the Federal Reserve. Later this afternoon, the Fed’s interest-rate-setting committee will release their monetary policy statement. They are widely expected to… Read more

Links from JB, LLC

January 29th, 2018

Obviously, you want catch up on the latest from JB, LLC (in which I’m a passive investor…bring on that tax cut!…JK!!), so here are some links: –From WaPo, why Mnuchin’s comment on the weak dollar making US exports more competitive was, of course, correct; and why Treasury secretaries should be neutral on currencies, not go… Read more