RT @jdportes: @Anoosh_C for data nerds: ONS won't like this chart, which splices together different data sources, but it's broadly what I d…
Adam Posen Tue 09 Aug 2022 15:55- RT @ChrisGiles_: My column: Let's not be naive about Russia being able to send Europe into recession this winter. It can and it will… Adam Posen Tue 09 Aug 2022 15:55
- RT @ChorzempaMartin: Must read @FT deep dive into semis. Tl:Dr "globalised semiconductor industry used to run smoothly across dozens of cou… Adam Posen Tue 09 Aug 2022 15:55
- RT @mcopelov: Just going to re-up this, since apparently the “withhold the news and crimes for the book, so we can maintain our privileged… Adam Posen Tue 09 Aug 2022 14:50
- RT @NatashaRSarin: There’s been a lot of chatter about how the IRS will deploy new resources So this by @crampell could not be more timely… Adam Posen Tue 09 Aug 2022 14:40
- RT @JuliusGoat: We might have to do the right thing even if people who want the wrong thing get upset. We might have to insist on truth ev… Adam Posen Tue 09 Aug 2022 14:15
- RT @jasonfurman: I'm not sure of the exact magnitude of the decline in the first half of 2022 but there is no doubt that output growth was… Adam Posen Tue 09 Aug 2022 14:15
- RT @jasonfurman: I would love the labor share to increase but it just is not my best prediction. If anything, it is more likely that the la… Adam Posen Tue 09 Aug 2022 14:15
- RT @jasonfurman: Productivity data is out for Q2 showing (no surprise) the largest two-quarter decline on record. This is true even with a… Adam Posen Tue 09 Aug 2022 14:10
- RT @Mij_Europe: Senior EU officials rightly point out that as UKG is pushing for a softer border down Irish Sea, it's simultaneously boasti… Adam Posen Tue 09 Aug 2022 13:50
- RT @PIIE: LISTEN: There's been a steady decline in worker bargaining power for decades. What would it take to turn this around? How can wor… Adam Posen Tue 09 Aug 2022 13:45
- RT @PIIE: Many large private companies in China “have not only avoided regulatory assault but have also grown bigger," Tianlei Huang says.… Adam Posen Tue 09 Aug 2022 13:45
- RT @jasonfurman: Writeup on today's jobs numbers from @KarenDynan and Willie Powell for @piie. Link Adam Posen Tue 09 Aug 2022 13:45
The July 2022 US employment report surprised to the upside and depicts a labor market that is still very tight. Nonfarm payrolls rose 528,000, more than double the consensus forecast. The unemployment rate ticked down to 3.5 percent, matching the low seen in the robust pre-pandemic labor market. Average hourly earnings rose by 5.2 percent over the 12 months ending in July. Over the past 3 months—and adjusted for compositional shifts in the pool of workers—earnings also rose at an annual rate of 5.2 percent, up from 4.5 percent last month. These wage readings are well above what would be consistent with the Fed’s target of 2 percent inflation.
The continued strength of the US labor market stands in contrast to other indicators of economic activity in the United States, which have slowed. The rebound in employment following the pandemic trough had lagged the rebound in output over the first year of the recovery, and ongoing strong increases in employment despite the...
- RT @nominalthoughts: For more information on policy: @NiskanenCenter @TaxFoundation @IFP @ppi @BudgetHawks @PIIE @TaxPolicyCenter Adam Posen Tue 09 Aug 2022 13:45
- RT @PIIE: AUGUST 17: @Birmo of @LiberalAus & S Iswaran of @govsingapore join @MalmstromEU on #PIIETradeWinds to discuss the economic ties b… Adam Posen Tue 09 Aug 2022 13:45
- RT @CatoTrade: "Trade remedy" duties imposed by the government on materials used by the domestic construction sector cause a significant in… Adam Posen Tue 09 Aug 2022 13:45
- RT @vanessabcalder: The federal government has been hard-pressed to find tools that allow it to meaningfully influence local housing supply… Adam Posen Tue 09 Aug 2022 13:40
- RT @BrynnTannehill: There's stuff that only the president and a (VERY) few other people get to see. Remember that (then) Vice-President Tru… Adam Posen Tue 09 Aug 2022 13:35
- RT @BrynnTannehill: Regardless, this is the worst deliberate mishandling of classified materials I've ever heard of, and that's if there wa… Adam Posen Tue 09 Aug 2022 13:35
- RT @PIIE: "An analysis by the Peterson Institute of International Economics estimated that, over time, rolling back Trump-imposed & other t… Adam Posen Tue 09 Aug 2022 13:35
- RT @a_presbitero: Great overview by @BaldwinRE on the macroeconomics effects of service globalization, a call for more and better #data, an… Adam Posen Tue 09 Aug 2022 13:35
- RT @gajido_ian: Labour or whoever, would be serving the public interest by saying "we tried this, it didn't work...we've got to try to get… Adam Posen Tue 09 Aug 2022 10:54
- RT @RVAwonk: This (below) is an intimidation tactic. They want the name of the person who authorized the FBI raid because they want to send… Adam Posen Tue 09 Aug 2022 04:17
- RT @robinsonmeyer: Since 2009, Israel has indicted its sitting prime minster, France has prosecuted and convicted two former presidents, an… Adam Posen Tue 09 Aug 2022 04:02
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