New today from @prestonmui.bsky.social - Employ America's reaction to Jerome Powell's Jackson Hole speech www.employamerica.org/monetary-pol...

Framework update from Powell: removed the "shortfalls" language but adds: "employment may at times run above real-time assessments of maximum employment without necessarily creating risks to price stability." noting that estimates of "maximum employment" are "highly uncertain."

Is AI responsible for the relative increase in unemployment among recent college graduates? Probably not. Recent grad employment trends are similar in industries more or less likely to use AI Nice analysis from Will Raderman @employamerica.bsky.social

New from me at @employamerica.bsky.social In Defense of the 2020 Fed Framework's Emphasis on Full Employment www.employamerica.org/monetary-pol...

New up at @employamerica.bsky.social from our guest writer Will Raderman www.employamerica.org/labor-market...

And, perhaps the most important part, check out the merch store employ-america-shop.fourthwall.com

There’s lots of exciting news from Employ America today - we’re unveiling new branding, new mission-focused language, and a new vision for how to achieve durable full employment through robust macroeconomic policy. But that's not all...

this is an extremely thoughtful note; one can really look at EA as a guiding light for how the “needs” for US policymaking have evolved over the past 5-10 years.

new EA just dropped

Exciting news: Employ America is relaunching to face the challenges of a new era! Not only do we have a new logo and new branding, but we’ve also refocused our work pursuing Full Employment, and the array of policy solutions that can sustain it www.employamerica.org/expanding-th...

At @employamerica.bsky.social: The Past, Present, And Future Of Macroeconomic Policy by Vikas Patel and myself. www.employamerica.org/blog/the-pas...

Unemployment rate flat, but epop dips quite a bit. A lot of employed -> not in labor force flows this month.

New @rooseveltinstitute.org report from me & @alexbhturnbull.bsky.social: we need not choose between markets & planning—we can build better markets. Strategic reserves, integrated w/ modern financial markets, can boost supply resilience & stabilize prices during shocks. 1/

Roosevelt brought together 20+ authors (incl. Sen Murphy, AFL-CIO's Liz Shuler, Mariana Mazzucato, Cecilia Munoz, Ned Resnikoff, Arnab Datta...) to answer the question: what should progressive policy priorities look like in the coming months and years? (mini 🧵)

New from me at @employamerica.bsky.social www.employamerica.org/blog/a-slowd...

www.employamerica.org/blog/the-dre... New from me @employamerica.bsky.social. A follow up to my series on the 1990s productivity growth and lessons for today. Taking stock of everything that's happened in the past 90 days through the lens of full employment, investment, and supply-side stability.

@employamerica.bsky.social my cup over runneth, with employment 🫡

New jacket just dropped: @employamerica.bsky.social

A 1000 word op-ed is not a place for detailed policy prescriptions. Luckily, one thing I pushed for in this article was links to our work at @employamerica.bsky.social and @ifp.bsky.social. Here’s a thread with some of them (not all because we’ve written a LOT). www.nytimes.com/2024/12/08/o...

That fall in prime-age epop looks bad, but there could be some weird residual seasonality going on. Feels more like bouncing around, just above the pre-2020 peak. #JobsDay

I think Bostic is asking the right question right now: "The salient question for me today is whether the labor market is cooling more dramatically than I had imagined when I developed my outlook for the economy." Dwells a lot on @davidwiczer.bsky.social's recent work on vacancy yields.

New from me at @employamerica.bsky.social www.employamerica.org/researchrepo... Thread to come

Now Live: the Employ America Merch Store! Shop our gear and support sustainable full employment. You'll find stickers, tees, and even some limited-edition holiday items - use code LNS12300060 to take 10% off your whole order! employ-america-shop.fourthwall.com

In a new analysis, @skandaamarnath.bsky.social explains how a decline in homebuilding since the start of rate hikes in 2022 could lead to increased housing inflation in the next 1-3 years, complicating the Fed's efforts to stabilize prices. Check it out: bit.ly/3LPbAeV @employamerica.bsky.social

Today's productivity revisions further confirm how the labor market has more than rebalanced already. To start: Relative to levels & trends observed prior to the pandemic, productivity growth has continued to outperform 3.5-4.2% wage growth is less inflationary given this fact

In case you missed it: check out Preston Mui's (@prestonmui.bsky.social) full series on productivity: The Dream of the 90's Is Alive in 2024 www.employamerica.org/researchrepo...

New today from Ashley George and @arnabdatta.bsky.social in collaboration with @ifp.bsky.social - the latest installment of Hot Rocks! www.employamerica.org/researchrepo...

Today is the last Fed Day of 2023, but what's more important is how the Fed will act in 2024. A new report from @employamerica.bsky.social makes the case for cutting interest rates to reduce unemployment risk and revive slowing investment due to capital costs:

New today from @prestonmui.bsky.social and @skandaamarnath.bsky.social - our playbook for achieving the soft landing. How do we stave off recession risks that threaten the our progress post-pandemic (both fighting inflation and keeping labor markets tight?) www.employamerica.org/researchrepo...

An appropriate First Post on this platform for us would seem to be our most-viewed piece (so far): The Physical Capacity Shortage View of Inflation, by the excellent @atwilliams.bsky.social which inspired a lot of conversation! www.employamerica.org/researchrepo...