Weak Workforce Growth and Productivity Demand New Solutions
The US economy’s growth potential has fallen over the past decade despite strong aggregate demand and low unemployment, meaning the playbook for spurring growth may need to be rewritten.
Measuring a High-Pressure Economy The hot job market has academic economists—and the Fed—talking about the benefits of a high-pressure economy. However, it’s probably only a matter of time before job growth slows for natural reasons. This means we should focus more on unemployment trends as the economy transitions to a steady state. LISTEN AND SUBSCRIBE
