How to Have a Roaring 2020s (Without Wild Inflation)

Manage the boom, don’t fight it.

#inflation-economics, #labor-and-jobs, #recession-and-depression, #united-states-economy, #wages-and-salaries

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The Recession Isn’t Over Till They Say It’s Over. (But Who Are They?)

The contraction in the U.S. seemed to end quickly in April 2020, but the committee charged with determining an endpoint has been quiet.

#coronavirus-2019-ncov, #national-bureau-of-economic-research, #recession-and-depression, #united-states-economy

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Europe’s Summer of Recovery Is More Fragile Than It Looks

An anticipated surge of tourism in Portugal is suddenly not at all certain — a symbol of the global economy’s continued struggle with pandemic uncertainty.

#coronavirus-2019-ncov, #coronavirus-reopenings, #economic-conditions-and-trends, #european-union, #eurozone, #international-trade-and-world-market, #labor-and-jobs, #politics-and-government, #recession-and-depression, #summer-season, #travel-and-vacations, #wages-and-salaries

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Republicans, Don’t Ignore the Evidence on ‘Labor Shortages’

The latest jobs report shows just how misguided their plans to cut unemployment benefits are.

#coronavirus-2019-ncov, #labor-and-jobs, #recession-and-depression, #shortages, #unemployment-insurance, #wages-and-salaries

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To Motivate Workers, Republican Governors Experiment With Pain

Why does the federal government tolerate stingy state unemployment programs?

#labor-and-jobs, #layoffs-and-job-reductions, #recession-and-depression, #unemployment-insurance, #united-states-economy, #wages-and-salaries

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America Is on a Road to a Better Economy. But Better for Whom?

The federal government is undertaking the largest stimulus program in American history. The payoff could be more widely shared than usual.

#coronavirus-2019-ncov, #income-inequality, #labor-and-jobs, #recession-and-depression, #stimulus-economic, #united-states-economy

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Fed Bets Inflation Expectations Will Stay Controlled

Federal Reserve officials believe low and stable price expectations give them room to heal the job market. But what if outlooks change?

#federal-reserve-system, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #quantitative-easing, #recession-and-depression, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

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Amid Economic Turmoil, Biden Stays Focused on Longer Term

The president’s advisers are pushing their most detailed argument yet for the long-term benefits of a $4 trillion agenda to remake the American economy.

#american-jobs-plan-2021, #american-rescue-plan-2021, #biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #infrastructure-public-works, #labor-and-jobs, #public-private-sector-cooperation, #recession-and-depression, #republican-party, #rouse-cecilia-e, #stimulus-economic, #taxation, #united-states-economy, #united-states-politics-and-government, #white-house-council-of-economic-advisers

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The Jobs Report: The Boom That Wasn’t

April’s anemic job creation was so out of line with what other indicators have suggested that it will take some time to unravel the mystery.

#coronavirus-2019-ncov, #labor-and-jobs, #recession-and-depression, #unemployment, #united-states-economy

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Europe’s Recession Contrasts Economic Fortunes of U.S. Expansion

The diverging recoveries underway in the United States and Europe underscore the value of effective vaccination and public spending in the pandemic.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #european-central-bank, #european-union, #eurozone, #recession-and-depression, #stimulus-economic, #united-states-economy

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‘A Perfect Positive Storm’: Bonkers Dollars for Big Tech

The dictionary doesn’t have enough superlatives to describe what’s happening to the five biggest technology companies, raising uncomfortable questions for their C.E.O.s.

#amazon-com-inc, #apple-inc, #company-reports, #computers-and-the-internet, #coronavirus-2019-ncov, #data-mining-and-database-marketing, #e-commerce, #facebook-inc, #google-inc, #microsoft-corp, #recession-and-depression, #regulation-and-deregulation-of-industry, #social-media, #stocks-and-bonds, #united-states-economy

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Biden, Calling for Big Government, Bets on a Nation Tested by Crisis

The president’s speech laying out trillions of dollars in new economic proposals plays to voters’ warm feelings toward federal aid in the coronavirus pandemic.

#american-families-plan-2021, #american-rescue-plan-2021, #biden-joseph-r-jr, #coronavirus-2019-ncov, #corporate-taxes, #federal-taxes-us, #income-inequality, #infrastructure-public-works, #obama-barack, #polls-and-public-opinion, #recession-and-depression, #stimulus-economic, #tax-credits-deductions-and-exemptions, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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As Economy Rebounds, Manufacturers Face New Hurdles

U.S. factories are humming again. But the recovery’s speed has left many employers scrambling for workers or for parts.

#american-jobs-plan-2021, #factories-and-manufacturing, #gross-domestic-product, #hiring-and-promotion, #infrastructure-public-works, #labor-and-jobs, #recession-and-depression, #shortages, #united-states-economy

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Automatic Aid for the People? How Jobless Benefits Can Fit the Economy.

The pandemic showed the flaws in the American approach to help the unemployed. Alternatives exist.

#coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #labor-and-jobs, #recession-and-depression, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Biden’s Spending Plans Could Start to Tackle Inequality

The Biden administration is relying on Congress instead of just the Fed to fix the economy. That mix could lead to a less wealth-unequal future.

#american-rescue-plan-2021, #biden-joseph-r-jr, #economics-theory-and-philosophy, #federal-aid-us, #federal-reserve-system, #income-inequality, #recession-and-depression, #stimulus-economic, #united-states-politics-and-government

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‘We Were Left With Nothing.’ Argentina’s Misery Deepens in the Pandemic.

The economy contracted by nearly 10 percent last year, and the country faces a reckoning with the I.M.F. over $45 billion in debts.

#argentina, #blackrock-inc, #coronavirus-2019-ncov, #credit-and-debt, #economic-conditions-and-trends, #fernandez-alberto-1959, #georgieva-kristalina-ivanova, #inflation-economics, #international-monetary-fund, #international-trade-and-world-market, #macri-mauricio, #politics-and-government, #poverty, #recession-and-depression, #united-states

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Krugman Wonks Out: The Case for Supercore Inflation

It’s going to be a year of bottlenecks and blips.

#american-rescue-plan-2021, #federal-reserve-system, #prices-fares-fees-and-rates, #recession-and-depression

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The Biden Administration Is Quietly Obsessing Over Inflation

A monthslong effort to monitor and model economic trends inside the White House and the Treasury Department found little risk of prices spiraling upward faster than the Fed can manage.

#american-rescue-plan-2021, #biden-joseph-r-jr, #federal-reserve-system, #inflation-economics, #recession-and-depression, #stimulus-economic, #treasury-department, #united-states-economy, #united-states-politics-and-government

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After Pandemic, Shrinking Need for Office Space Could Crush Landlords

Some big employers are giving up square footage as they juggle remote work. That could devastate building owners and cities.

#boston-properties-inc, #buildings-structures, #coronavirus-2019-ncov, #corporations, #dimon-james, #jpmorgan-chasecompany, #landlords, #manhattan-nyc, #property-taxes, #quarantine-life-and-culture, #real-estate-commercial, #recession-and-depression, #renting-and-leasing-real-estate, #sl-green-realty-corporation, #stocks-and-bonds, #telecommuting, #united-states, #urban-areas, #workplace-environment

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How 10 Prominent Economists Think About Overheating

Some notable participants in the debate over the Biden stimulus tell us, in their words, what a too-hot economy would look like.

#economics-theory-and-philosophy, #inflation-economics, #interest-rates, #recession-and-depression, #united-states-economy

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If the Economy Overheats, How Will We Know?

We asked some prominent participants in the Great Overheating Debate of 2021 to explain what inflationary trends they’re afraid of (or not, as the case may be).

#american-rescue-plan-2021, #economics-theory-and-philosophy, #inflation-economics, #interest-rates, #recession-and-depression, #united-states-economy

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How the U.S. Got It (Mostly) Right in the Economy’s Rescue

Though the recession has been painful, policymakers cushioned the pandemic’s blow and opened the way to recovery.

#american-rescue-plan-2021, #black-people, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #federal-aid-us, #federal-reserve-system, #interest-rates, #labor-and-jobs, #layoffs-and-job-reductions, #recession-and-depression, #republican-party, #shutdowns-institutional, #stimulus-economic, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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17 Reasons to Let the Economic Optimism Begin

A reporter who has tracked decades of gloomy trends sees things lining up for roaring growth.

#federal-budget-us, #innovation, #labor-and-jobs, #productivity, #recession-and-depression, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

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Biden, Champion of Middle Class, Comes to Aid the Poor

President Biden’s new role as a crusader for Americans in poverty is an evolution for a politician who has focused on the working class and his Senate work on the judiciary and foreign relations.

#american-rescue-plan-2021, #biden-joseph-r-jr, #coronavirus-2019-ncov, #democratic-party, #house-of-representatives, #income-inequality, #poverty, #recession-and-depression, #senate, #stimulus-economic, #tax-credits-deductions-and-exemptions, #united-states-economy, #united-states-politics-and-government

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Biden Plans Messaging Blitz to Sell Economic Aid Plan

Drawing on a lesson from early in the Obama administration, the White House wants to tell voters how the legislation will help them and keep Republicans from defining it on their terms.

#american-recovery-and-reinvestment-act-2009, #american-rescue-plan-2021, #biden-joseph-r-jr, #coronavirus-2019-ncov, #democratic-party, #obama-barack, #polls-and-public-opinion, #recession-and-depression, #republican-party, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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February 2021 Jobs Report: U.S. Economy Added 379,000 Jobs

U.S. employers added 379,000 to their payrolls in February, increasing hopes that vaccinations and reopenings are giving the economic recovery a firmer grip.

#coronavirus-2019-ncov, #labor-and-jobs, #labor-department-us, #recession-and-depression, #shutdowns-institutional, #unemployment, #united-states-economy

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Weekly Unemployment Claims Show Recovery Remains Rocky

Even with restrictions on business activity easing in many places, layoffs persist. The Texas storms were one of the latest setbacks.

#coronavirus-2019-ncov, #labor-and-jobs, #labor-department-us, #recession-and-depression, #unemployment, #unemployment-insurance, #united-states-economy

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We Expect 300,000 Fewer Births Than Usual This Year

Signs are pointing to a sizable pandemic baby bust in the United States, with implications that will be with us for years to come.

#babies-and-infants, #birth-rates, #coronavirus-2019-ncov, #influenza-epidemic-1918-19, #quarantine-life-and-culture, #recession-and-depression, #united-states-economy

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Empty Office Buildings Squeeze City Budgets as Property Values Fall

A looming hit to tax revenues puts pressure on Congress to deliver relief.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #federal-state-relations-us, #house-of-representatives, #law-and-legislation, #local-government, #property-taxes, #real-estate-commercial, #recession-and-depression, #renting-and-leasing-real-estate, #republican-party, #senate, #shopping-centers-and-malls, #stimulus-economic, #taxation, #united-states-economy, #united-states-politics-and-government

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Stimulus Checks Helped Personal Income Surge in January

Personal income and spending both surged in January as a new round of government checks hit Americans’ bank accounts.

#commerce-department, #consumer-behavior, #coronavirus-2019-ncov, #federal-aid-us, #income, #inflation-economics, #recession-and-depression, #stimulus-economic, #united-states-economy

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Why Top Economists Are Citing a Higher-Than-Reported Jobless Rate

The official rate stood at 6.3 percent in January, but using an expanded metric, Fed and Treasury officials say it’s closer to 10 percent.

#coronavirus-2019-ncov, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #powell-jerome-h, #recession-and-depression, #unemployment, #united-states-economy, #yellen-janet-l

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On the Post-Pandemic Horizon, Could That Be … a Boom?

Signs of economic life are picking up, and mounds of cash are waiting to be spent as the virus loosens its grip.

#coronavirus-2019-ncov, #gross-domestic-product, #labor-and-jobs, #personal-finances, #productivity, #recession-and-depression, #unemployment, #united-states-economy

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When the Bill Comes Due in Europe, ‘How Are We Going to Pay for All This?’

Pandemic aid has cushioned workers and businesses from a severe recession. But as governments face trillions in debt, there’s no rush to rein it in.

#coronavirus-2019-ncov, #credit-and-debt, #economic-conditions-and-trends, #europe, #france, #interest-rates, #le-maire-bruno, #recession-and-depression, #stimulus-economic

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Biden and the Fed Leave 1970s Inflation Fears Behind

Administration and Fed officials argue that workers not getting enough stimulus help is a larger concern than potential spikes in consumer prices.

#american-enterprise-institute-for-public-policy-research, #american-recovery-and-reinvestment-act-2009, #biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #inflation-economics, #interest-rates, #recession-and-depression, #stimulus-economic, #strain-michael-r, #summers-lawrence-h, #unemployment, #united-states, #united-states-economy, #yellen-janet-l

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The Clash of Liberal Wonks That Could Shape the Economy, Explained

They all agree pandemic aid is warranted, but the question is how big and how quickly.

#biden-joseph-r-jr, #economic-conditions-and-trends, #inflation-economics, #recession-and-depression, #stimulus-economic, #summers-lawrence-h, #united-states-economy

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Fighting Covid Is Like Fighting a War

Why Biden needs to go big and ignore the worriers.

#biden-joseph-r-jr, #committee-for-a-responsible-federal-budget, #congressional-budget-office, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-reserve-system, #polls-and-public-opinion, #recession-and-depression, #stimulus-economic, #summers-lawrence-h, #united-states-economy

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January 2021 Jobs Report: Outlook for Economic Recovery Dims

With a gain of 49,000 jobs in January, and with few of those in the private sector, the labor market offers little relief to the nearly 10 million Americans who are unemployed.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #federal-aid-us, #labor-and-jobs, #labor-department-us, #recession-and-depression, #unemployment, #united-states-economy, #united-states-politics-and-government

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The Jobs Crisis Is Broader Than It Seemed

January employment numbers suggest a stalling of progress toward a full recovery.

#coronavirus-2019-ncov, #labor-and-jobs, #layoffs-and-job-reductions, #recession-and-depression, #unemployment

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Europe’s Slow Pace of Vaccinations Opens Door to Recession

A double-dip recession in the European Union appears likely after the trade bloc reported a decline in economic output in the last quarter of 2020.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #europe, #european-union, #eurozone, #gross-domestic-product, #recession-and-depression, #vaccination-and-immunization

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PPP Aid to Small Businesses: How Much Did $500 Billion Help?

Some economists say the Paycheck Protection Program has not proved as useful as other aid. The debate could sway the new administration’s plans.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #law-and-legislation, #layoffs-and-job-reductions, #recession-and-depression, #shutdowns-institutional, #small-business, #stimulus-economic, #united-states-economy

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Biden and Top Economic Officials Stress Urgency of More Pandemic Aid

The president’s economic advisers are increasingly worried about the faltering recovery and the economic outlook.

#coronavirus-aid-relief-and-economic-security-act-2020, #labor-and-jobs, #patient-protection-and-affordable-care-act-2010, #recession-and-depression, #united-states-economy, #united-states-politics-and-government

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America’s Next Great Economic Experiment: What if We Run It Hot?

Supporters of aggressive stimulus see an opportunity to finally correct the mistakes of the last recession and achieve boom times quickly.

#biden-joseph-r-jr, #coronavirus-aid-relief-and-economic-security-act-2020, #inflation-economics, #labor-and-jobs, #recession-and-depression, #stimulus-economic, #unemployment, #united-states-economy

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The First Post-Reagan Presidency

So far, Joe Biden has been surprisingly progressive.

#a-promised-land-book, #appointments-and-executive-changes, #bernstein-jared, #biden-joseph-r-jr, #conservatism-us-politics, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #economics-theory-and-philosophy, #emanuel-rahm, #environment, #executive-orders-and-memorandums, #filibusters-and-debate-curbs, #food-stamps, #hawley-josh-d-1979, #house-of-representatives, #inflation-economics, #interest-rates, #khanna-ro, #leftism-us-politics, #liberalism-us-politics, #minimum-wage, #national-debt-us, #new-deal-1930s, #obama-barack, #politics-and-government, #presidential-election-of-2008, #presidential-election-of-2020, #primaries-and-caucuses, #progressivism-us-politics, #reagan-ronald-wilson, #recession-and-depression, #republican-party, #roosevelt-franklin-delano, #sanders-bernard, #senate, #skowronek-stephen, #stimulus-economic, #tax-credits-deductions-and-exemptions, #taxation, #trump-donald-j, #united-states-economy, #united-states-politics-and-government, #vaccination-and-immunization, #warren-elizabeth

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Who Owns Stocks? Explaining the Rise in Inequality During the Pandemic

Bad economies usually hurt both workers and investors. Only the first part has been true this time.

#black-people, #coronavirus-2019-ncov, #high-net-worth-individuals, #income-inequality, #labor-and-jobs, #recession-and-depression, #stocks-and-bonds, #united-states-economy

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How Our Unemployment Benefits System Failed

A decline in funding and changes in the workplace — and how long people are out of work — have left a program unequal to the 21st-century economy.

#federal-state-relations-us, #labor-and-jobs, #law-and-legislation, #recession-and-depression, #states-us, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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How Full Employment Became Washington’s Creed

Policymakers are eager to return to the period of low unemployment that preceded the pandemic and are less concerned than in previous eras about sparking inflation and taking on debt.

#daly-mary-c, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #recession-and-depression, #stimulus-economic, #treasury-department, #unemployment, #united-states-economy

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When Biden Becomes … Rooseveltian!

Using a crisis to reduce child poverty and make America more truly a land of opportunity.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #food-insecurity, #great-depression-1930s, #income-inequality, #new-deal-1930s, #poverty, #recession-and-depression, #roosevelt-franklin-delano, #tax-credits-deductions-and-exemptions, #united-states, #united-states-economy, #united-states-politics-and-government

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What Can We Expect After the Pandemic?

Four new books look at life after the virus and reach startlingly different conclusions.

#blakeley-grace-1993, #books-and-literature, #coronavirus-2019-ncov, #galloway-scott, #gordon-bob-author, #life-after-covid-19-lessons-from-past-pandemics-book, #post-corona-from-crisis-to-opportunity-book, #recession-and-depression, #rickards-james-g, #the-corona-crash-how-the-pandemic-will-change-capitalism-book, #the-new-great-depression-winners-and-losers-in-a-post-pandemic-world-book

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The federal government ran another record deficit in December.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #recession-and-depression, #treasury-department, #united-states-economy

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Even With $900 Billion Stimulus, Biden Faces Fragile Economy

Despite new pandemic aid, he confronts an economic crisis unlike any since he last entered office in 2009. And political headwinds have only stiffened.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #federal-aid-us, #income-inequality, #presidential-transition-us, #recession-and-depression, #republican-party, #senate, #stimulus-economic, #united-states-economy, #white-house-council-of-economic-advisers

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