Category Archives: US economy

This category considers blogs that specifically analyse the US economy.

US labour market tepid – there is plenty of scope fiscal expansion

On May 4, 2018, the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – April 2018 – which showed that total non-farm employment from the payroll survey rose by just 164,000 in … Read the rest of this entry »

Posted in Labour Force, US economy | 12 Comments

The distinguished economists just embarrass themselves

People are allowed to change their opinions or assessments in the light of new evidence. Diametric changes of position are fine and one should not be pilloried for making such a shift in outlook. Quite the contrary. But when the … Read the rest of this entry »

Posted in Fiscal Statements, US economy | 37 Comments

US Democratic Party should be dissolved

Tomorrow, I will consider the furore that has arisen in the last few days after the US Congressional Budget Office released its latest forecasts, which showed the US deficit will rise, and, because they still insist in matching the deficit … Read the rest of this entry »

Posted in Politics, US economy | 12 Comments

US labour market weaker in March 2018

On April 6, 2018, the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – March 2018 – which showed that total non-farm employment from the payroll survey rose by just 103,000 in … Read the rest of this entry »

Posted in Labour Force, US economy | 1 Comment

Donald Trump’s tariff hikes are not good policy

I am generally not in favour of trade protection. I grew up in a country that had very extensive protection (tariffs, import quotas) on manufacturing goods, which was justified on a number of grounds – capacity to shift to defense … Read the rest of this entry »

Posted in Eurozone, US economy | 30 Comments

US labour market – strengthened in February but still not at full employment

On March 9, 2018, the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – February 2018 – which showed that total non-farm employment from the payroll survey rose by 313,000 in February. … Read the rest of this entry »

Posted in Labour Force, US economy | 1 Comment

The bond vigilantes saddle up their Shetland ponies – apparently

Last week (February 8, 2018), we witnessed the US Senate spectacle with Rand Paul embarrassing himself with his lack of economic knowledge but also embarrassing both major parties – the Republicans for their gross hypocrisy and the Democrats for their … Read the rest of this entry »

Posted in Economics, Fiscal Statements, Framing and Language, US economy | 17 Comments

No wages breakout in sight in US labour market

The latest news from the US, other than the regular counts of the number of times the President has lied on any particular day, is that there is a wages breakout looming. Yes, you read that correctly. The CNN report … Read the rest of this entry »

Posted in Labour Force, US economy | 6 Comments

Planning public works – history has a lot to say if we listen properly

A few weeks ago, in my three part series answering questions about Modern Monetary Theory (MMT), I addressed the issue often raised about the fiscal policy emphasis in MMT, that it is difficult to time government spending injections to match … Read the rest of this entry »

Posted in Debriefing 101, Fiscal Statements, Job Guarantee, Reclaim the State, US economy | 20 Comments

Older workers in the US dominate employment growth – troubles ahead

The Federal Reserve Bank of St Louis published a very interesting article earlier this month (January 15, 2018) – Older Workers Account for All Net Job Growth Since 2000 – which was written by William Emmons, the Lead Economist with … Read the rest of this entry »

Posted in Labour Force, US economy | 8 Comments