Category Archives: U.S. Economy

Skynet is not coming for our jobs

THE post-2008 economic recovery has been anemic by most measures, with job growth in particular making weak gains.  However, job growth in the U.S. has slowly declined over the past three decades, specifically since 2000 (the last year annual job growth in the U.S. hit 2%). Among the myriad of explanations for why job growth […]

An often ignored aspect of the Clinton Administration

WITH former President Bill Clinton in town to stump for the Maine Dems, some are recounting the highs and lows of his administration.  A booming economy, welfare reform, the Lewinsky scandal, impeachment and the like are often mentioned.  What, unfortunately, is often neglected is the role the Clinton Administration played in the rise of high […]

Before the Corporate Tax reform debate jumps the shark

THE BDN republished a Washington Post article regarding tax inversions.  Tax reversions, as well as the corporate tax code in general, are moving closer to the center of public debate, with the issue of corporate tax reform now overlapping with the issue of corporate person-hood.  While some may question the ‘economic patriotism’ of companies renouncing their […]

How are businesses responding to the ACA?

THE impact of the ACA on the nation’s weak economic recovery continues to draw analysis and discussion.  One argument opponents of the ACA often make is that it is driving workers to cut hours and shift workers to part-time status.  To bolster this argument they often cite elevated levels in part-time employment.  While total part-time employment […]

Another Problem with the Skills Gap Argument

Jared Bernstein has a pretty interesting post up regarding the Beveridge Curve, which in turn has some impact on the skills gap arguments taking place in Maine.  Skills gap proponents in Maine like to point to national trends to bolster their argument that the state is suffering from the national trend. On the national level, skills […]

Funding the Highway Trust Fund is not a Binary Choice

SIN taxes (a form of a Pigou Tax) are used to discourage the consumption of a good–think pollution.  In theory, the taxes are imposed to pay for the negative externalities caused by consumption of that good (damage to third-party property owners in the case of pollution).  The revenues are costs are in equilibrium because the […]

BLS: U.S. Economy Adds 209,000 Jobs, Unemployment Rate Up Slightly

JUST released from the BLS. First from the household survey: Both the unemployment rate (6.2 percent) and the number of unemployed persons (9.7 million) changed little in July. Over the past 12 months, the unemployment rate and the number of unemployed persons have declined by 1.1 percentage points and 1.7 million, respectively.  And from the […]

June Jobs Report: The Good, the Bad, and the Ugly

AS noted previously, the national jobs report was released this morning by the Bureau of Labor Statistics.  Overall, the jobs report was positive, with the economy creating 288,000 jobs; well above projections of roughly 210,000.  This was the fifth consecutive month of job creation above 200,000, the first time that has happened since the tech […]