Weekly Economic Update: March 19 - March 23
The JEC Majority is convinced that the U.S. economy has room to grow faster and, belatedly, experience some of the normal bounce-back from the recession. Market-oriented policies can release faster growth in the near term and better position the economy to counteract adverse long-term trends—particu...
2018 Joint Economic Report
Weekly Economic Update: March 12- March 16
In the last 6 months (Aug-2017 to Feb-2018), nearly 1.2 million more prime working-age men were able to find employment, compared with just 207,000 over the preceding 19 months (Jan-2016 to Aug-2017). Less than a year ago, former Obama Council of Economic Advisers Chair Jason Furman was sounding the...
February 2018 Jobs Review
The economy created 313,000 jobs in February, far exceeding expectations. The unemployment rate (U-3) remained unchanged at 4.1%.The prime working-age participation rate surged from 81.8% to 82.2%.
Weekly Economic Update: March 5 - March 9
Jobless claims for the week of February 24, 2018, fell to their lowest level since the week of December 6, 1969. This indicates the labor market is continuing to strengthen. As a percentage of the civilian population, it is the lowest ever.
Weekly Economic Update: February 26 - March 2
This week’s chart comes from the Council of Economic Advisers, the executive branch’s counterpart to JEC, which recently released the 2018 Economic Report of the President. The chart shows that publication of final rules (new regulations) plunged in 2017. Importantly, the reduction of new rules with...
Weekly Economic Update: February 20 - February 23, 2018
Congressional Republicans and the Trump Administration are adopting tax and regulatory policies to recover U.S. economic potential rather than constrain it. The Office of Management and Budget (OMB) projects real GDP to reach a level by 2028 consistent with what the Obama Administration had projecte...
Rising Unwed Pregnancy and Childbearing across Educational and Racial Groups
Nonmarital childbearing has increased dramatically in the United States. In 1960, roughly 5 percent of births were outside of marriage. Today, over 40 percent of children are born to single mothers. This trend is troubling, considering that children are on average at-risk for poorer outcomes when ra...
Weekly Economic Update: February 12 - February 16, 2018
One of the key drivers behind 2017’s improved economic growth was business investment, notably in equipment, as the chart shows. Between 2009 and 2016, the amount of capital workers had to work with stagnated. This hindered productivity growth and, consequently, wage growth. This pickup in investmen...
Weekly Economic Update: February 5 - February 9, 2018
With the election of a Republican majority in Congress and the Trump presidency, a striking change in the U.S. economy’s trajectory occurred. The election outcome gave rise to relief from the Obama Administration’s growth-constraining policies. Improved expectations raised forward-looking indicators...
