Below you'll find a list of all posts that have been tagged as “macroeconomic trends”
As the United States has suddenly pulled out of the Trans-Pacific Partnership, it is a good time to review the last, important trade deal of similar scale, NAFTA. As this chart shows, trade deficit with Mexico and Canada increased from USD$17.0 to $177.2 billion. According to this paper by Robert E. Scott, NAFTA has indirectly displaced upwards of one million jobs …
The US unemployment rate under Obama started out at 9.5% as the banks collapsed and ends now at 4.6% according to the Bureau of Labor Statistics. These stats – as BLS professionals will tell you – are slow to acknowledge the new forms of work and benefits and other key factors. Still they provide a rough view of a positive …
On Friday we showed the steady job growth in the United States since the Crash and the “Recovery.” But we use “recovery” in quotes for a reason. When you look at the rates of long term unemployed as a percentage of total unemployed in the United States, it becomes more difficult to believe in some sort of return to “normal.” …
