One of the explanations for the “new normal” in employment growth is not deficient aggregate demand, but deficient labor force growth. The NYT article “Employers Fear Labor Shortage as Many Immigrants Lose Protected Status” lays it out:
EPU and Trade Policy Uncertainty:
From BOFIT today:
According to Cleveland Fed nowcasts today:
As of today:
Futures, prediction markets:
Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. A shorter version in Project Syndicate.
If previous trends hold:
CPI – headline vs. CPI for wage earners and clerical workers:
Donald Trump forces me to learn another obscure trade remedy (from the 1930’s). I’m pretty certain this will not achieve any economic goals, and yet sustain economic and trade policy uncertainty.