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Search resuls for: "Michael Strain"


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☆ What to expect from the March jobs report
  + stars: | 2024-04-04 | by ( Elisabeth Buchwald | ) edition.cnn.com   time to read: +8 min
ET, when the Bureau of Labor Statistics releases its March jobs report. February brought the unemployment rate within spitting distance of 4%, rising to 3.9% from 3.7% in January. What could come from Friday’s jobs reportFebruary’s jobs report came as yet another surprise to economists. For instance, last month January’s job gains were revised down to 229,000 from the blowout 353,000 that kicked off 2024. The unemployment rate went up by half a percentage point from the post-pandemic low of 3.4% last April.
Persons: lockdowns, it’s, Michael Strain, ’, February’s, Andy Challenger, ”, Allison Joyce, Aaron Sojourner, they’ve, Sojourner, Luke Sharrett Organizations: New, New York CNN, Bureau of Labor Statistics, American Enterprise Institute, BLS, Federal, US, Challenger, “, Department of Labor, Bloomberg, . Upjohn Institute, Employment Research, CNN, Federal Reserve, Getty Locations: New York, outplacement
☆ Trump and Inflation
  + stars: | 2024-02-27 | by ( Jeanna Smialek | ) www.nytimes.com   time to read: +1 min
If there is a simple political truth, it’s that voters hate inflation. But Trump also criticizes high interest rates — the Federal Reserve’s key tool for lowering inflation. And the second-term agenda he is proposing contains few policies that economists believe would reduce inflation. Trump has also pledged to deport many undocumented immigrants, which could cause labor shortages that lift prices on food and other items. And while Trump has not laid out his plans in sufficient detail for economists to judge how his agenda as a whole would affect inflation, there’s little to suggest that his policies would stamp out price increases.
Persons: Donald Trump’s, Biden, Trump, ”, Michael Strain Organizations: American Enterprise Institute
☆ America's economy should be 'thrilled' billionaires like Jeff Bezos and Warren Buffett exist, think-tank director says
  + stars: | 2024-01-10 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +4 min
Billionaires are actually great for the economy, a director at the American Enterprise Institute argues. That's because billionaire innovators produce trillions of dollars of value for the US. The center-right think tank's Michael Strain argues that billionaires produce many times their net worth in value for the economy through their innovations. But billionaire innovators — not billionaire heirs and heiresses — may be the exception to that, Strain said. AdvertisementIn fact, billionaire innovators should be considered "worthy of emulation" for children, Strain added, praising an array of business icons.
Persons: —, Elon Musk, Jeff Bezos, Michael Strain, heiresses, Strain, Bezos, Mark Zuckerberg, Bernard Arnault — Organizations: American Enterprise Institute, Service, Amazon, Syndicate, Economic
☆ Why Trump Is Right About Tariffs
  + stars: | 2023-10-27 | by ( Oren Cass | ) www.wsj.com   time to read: +1 min
President Donald Trump at a Whirlpool manufacturing facility in Ohio, Aug. 2020. Photo: Scott Olson/Getty ImagesEconomists have reacted poorly to Donald Trump’s recent proposal for a 10% tariff on all imports. After all, tax revenue is necessary to provide public services, and tariffs have long proved an effective way to collect it. In 1789, the first law in the first Congress—advocated by Alexander Hamilton, introduced by James Madison and signed by George Washington on the Fourth of July—established a tariff not unlike Trump’s. For much of the nation’s history, while growing from colonial backwater to continent-spanning industrial colossus, the U.S. imposed some of the world’s highest tariffs, which were the primary means of funding the federal government.
Persons: Donald Trump, Scott Olson, Donald Trump’s, Adam Posen, Michael Strain, —, Alexander Hamilton, James Madison, George Washington Organizations: Getty, Peterson Institute for International Economics, American Enterprise Institute Locations: Ohio, U.S
☆ Workers could lose bargaining power as labor market cools, says AEI's Michael Strain
  + stars: | 2023-09-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWorkers could lose bargaining power as labor market cools, says AEI's Michael StrainMichael Strain, AEI director of economic policy studies & senior fellow, joins 'Fast Money' to talk the ongoing UAW strike, the momentum of labor movements, the impact strikes have on the economy and more.
Persons: Michael, Michael Strain Organizations: Email Workers, AEI, UAW
☆ The overall trend does show us that inflation remains moderate, says American Progress' Emily Gee
  + stars: | 2023-09-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe overall trend does show us that inflation remains moderate, says American Progress' Emily GeeMichael Strain, director of economic policy studies at the American Enterprise Institute, and Emily Gee, senior vice president for Inclusive Growth at American Progress, join 'Squawk Box' to discuss the latest CPI data, how the current batch of summer strikes will impact CPI, and more.
Persons: Emily Gee Michael Strain, Emily Gee Organizations: American Enterprise Institute, Inclusive, Progress
☆ Job Turnover Eased in June as the Labor Market Cooled
  + stars: | 2023-08-01 | by ( Santul Nerkar | ) www.nytimes.com   time to read: +1 min
And the quits rate, a measure of workers’ confidence in the job market and bargaining power, decreased to 2.4 percent, from 2.6 percent in May and down from a record of 3 percent in April 2022. Quotable: ‘The labor market is unbalanced.’“We’re still in an economy where the labor market is unbalanced,” said Michael Strain, an economist at the American Enterprise Institute, “with the demand for workers substantially outpacing the supply of workers.” There are roughly 1.6 job openings for each unemployed worker. The June JOLTS report provides more optimism that the Fed is approaching that soft landing, as demand for workers remains robust while tapering gradually. Inflation remains high by historical standards — at 3 percent, according to the latest data — but has eased substantially. “This is a really strong labor market that is staying strong but slowing down,” said Preston Mui, a senior economist at Employ America, a research and advocacy group focused on the job market.
Persons: “ We’re, ”, Michael Strain, Preston Mui Organizations: American Enterprise Institute, “, Reserve Locations: America
☆ Better supply and demand balance is close-at-hand: Macropolicy Perspectives' Julia Coronado
  + stars: | 2023-04-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBetter supply and demand balance is close-at-hand: Macropolicy Perspectives' Julia CoronadoMacropolicy Perspectives' Julia Coronado, and Michael Strain, director of economic policy studies at the American Enterprise Institute, join 'Squawk Box' to discuss the recent jobless claims data, Strain's emphasis on the levels in yields, and more.
☆ We could soon be facing the biggest financial crisis in history as Republicans threaten to stop paying America's bills
  + stars: | 2023-01-19 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com   time to read: +11 min
Republicans are using the debt ceiling as leverage to achieve spending cuts on Democratic priorities. But failing to raise the debt ceiling by the summer could cause the US to default on its debt. Consequences of default are dire, and Biden has urged the GOP to not bargain with the debt limit. "Failure to raise the debt limit will not reduce our debt, but it would wreck the economy if it led to a default. "When you talk about the trillion dollar platinum coin, it sounds very silly — and it is really silly!"
☆ Experts react to December's inflation report
  + stars: | 2023-01-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExperts react to December's inflation reportEdward Jones' Mona Mahajan, Conference Board's Dana Peterson, University of Michigan's Michael Strain, and Betsey Stevenson, former chief economist at the Labor Department, join 'Squawk Box' to share their opinions on December's CPI print.
☆ It's possible the U.S. could avoid a recession in 2023, says Betsey Stevenson
  + stars: | 2022-12-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's possible the U.S. could avoid a recession in 2023, says Betsey StevensonBetsey Stevenson, former Labor Department chief economist, Michael Strain, director of economic policy studies at the American Enterprise Institute, join CNBC's 'Squawk Box' to discuss their outlook for interest rates and inflation in 2023.
☆ Child tax credit: Democratic lawmakers make last-ditch effort to enhance benefit
  + stars: | 2022-12-11 | by ( Tami Luhby | ) edition.cnn.com   time to read: +6 min
CNN —Buoyed by the steep drop in child poverty last year, a group of Democratic lawmakers and progressive advocates are pushing hard to restore at least part of the enhanced child tax credit that stabilized many families’ finances in 2021. GOP Sen. Mitt Romney of Utah, a longtime advocate of the child tax credit, crafted an enhanced version earlier this year, along with fellow Republican Sens. The 2021 enhancementThe American Rescue Plan made three significant changes to the child tax credit for 2021. A reduction in child povertyThe expansion lifted 2.1 million children out of poverty in 2021, according to the Census Bureau. It helped drive child poverty to 5.2%, a drop of 46%, according to the bureau’s Supplemental Poverty Measure.
☆ Republicans pitched an economic solution. Now they'll have to deliver.
  + stars: | 2022-11-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com   time to read: +6 min
While Republicans sought to seize on that economic anxiety during the campaign, most candidates provided few specifics. “The GOP still doesn’t know what its economic policy is in a post-Trump world,” said Brian Riedl, who worked for six years as chief economist for Republican Sen. Biden said he has no plans to change his approach to the economy, despite voters’ sentiments, making a shift toward a compromise with Republicans on economic policy seemingly unlikely. “That means there will be a lot less economic policy. “Republicans are going to need to deliver on the economy, especially if the economy is worsening and inflation is worsening,” said Riedl.
☆ Stock futures edge higher Friday following strong jobs report
  + stars: | 2022-11-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStock futures edge higher Friday following strong jobs reportNela Richardson, ADP chief economist, Liz Young, head of investment strategy at SoFi, Jason Furman, professor at the Harvard Kennedy School of Government and former CEA chair, Michael Strain, American Enterprise Institute, and CNBC's Steve Liesman and Rick Santelli join 'Squawk Box' to react to October's stronger-than-expected jobs report.
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