Updates / Economy

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By / 6.14.2018

When the Social Security and Medicare trustees warned last week that both programs are on tenuous financial footing, Treasury Secretary Steve Mnuchin said: “The administration’s economic agenda — tax cuts, regulatory reform and improved trade agreements — will generate the long-term growth needed to help secure these programs and lead them to a more stable path.” He […]

By / 6.11.2018

Earlier this month, President Trump ordered Energy Secretary Rick Perry to intervene in electricity markets to prop up failing coal power plants, falsely claiming the effort was needed to protect electricity grid reliability for national security reasons. In truth, the action amounts only to a war on the working- and middle-class energy consumers Trump claims […]

By / 6.7.2018

Lynnel Beauchesne’s dental office hugs a rural crossroads near Tunnelton, W.Va., population 336. Acres of empty farmland surround the weathered one-story white building; a couple of houses and a few barns are the only neighbors. But the parking lot is full. Some people have driven hours to see Beauchesne, the sole dentist within 30 miles. […]

By / 5.21.2018

Students, policymakers, and members of the American public have increasingly acknowledged the crippling impact of student loans for many college graduates. In response, a growing number of schools are offering an alternative financing option to students: so-called “income share agreements.” Instead of taking out a loan and paying it back over time with interest, students […]

By / 5.17.2018

America’s official unemployment rate now stands at 3.9 percent, which has been cause for much crowing by President Donald Trump. New data, however, belie Trump’s triumphalism on the economy and find that many ordinary Americans are far from confident about their personal economic circumstances. A new survey by Prudential and Morning Consult finds that just 46 percent of […]

By / 5.4.2018

A federal jobs guarantee is too expensive and too impractical to pass muster with the public.

By / 4.19.2018

Earlier this week, we published a blog exploring the relationship between budget deficits and unemployment under both Democratic and Republican presidents over the last 40 years. Our analysis found that deficits under Democratic presidents rose and fell with unemployment (which is what should happen when adhering to responsible counter-cyclical fiscal policy), while deficits under Republican […]

By / 4.13.2018

Low unemployment rates mask soft spots in the job market, especially among rural Americans and minorities. For the last several months, Republicans have been resting on the laurels of positive job growth and low unemployment—proof, they say, of the Trump economy’s strength. In March, the nation’s official jobless rate stood at 4.1 percent, the lowest […]

By / 4.10.2018

On Thursday, House Republicans will vote on a constitutional amendment proposed by Rep. Bob Goodlatte (R-VA) that would require the federal government to balance its budget every year. The vote, which is virtually guaranteed to fall short of the two-thirds super majority necessary for passage, is nothing more than a cynical ploy to give the […]

By / 4.3.2018

Ecommerce has been a major job creator for less-educated workers, at a time when many of their traditional positions have been disappearing. Between 2007 and 2017, overall US employment of workers with at least a high school diploma and less than a bachelor’s degree dropped by almost 1 million jobs. That’s according to our tabulation […]