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Posts on Economy
June 15, 2017

The White House has deemed this "workforce development week," but President Trump's budget would drastically cut many job training and education programs and would fail to create new job opportunities, CBPP Senior Fellow Jared Bernstein...

February 8, 2017

President Trump has directed the Labor Department to review an Obama Administration rule requiring financial advisers to put their clients’ interests first. The directive will likely delay, and possibly derail, this...

Wall Street
November 11, 2016

The number of states in which marijuana is now legal more than doubled this week as Maine, Massachusetts, Nevada, and California approved ballot measures.  As marijuana sales emerge from the shadows, their modest revenues may make it a bit easier for states to fulfill voter expectations for high-quality schools and other public investments.

Marijuana legalization ballot initiatives...

CA State House
November 9, 2016

Voters approved minimum wage increases in all four states — Arizona, Colorado, Maine and Washington — with Election Day ballot measures. 

More specifically:

Arizona, Colorado, and Maine will increase their minimum wages, which now range from $7.50 to $8.31 per hour, to $12 per hour by 2020.   Washington will raise its minimum wage, currently $9.47, to $13.50 by...
September 16, 2016

Donald Trump’s economic team says his economic plan would raise annual economic growth to 3.5 percent (it’s averaged 2.1 percent since the economy emerged from recession in mid-2009).  Trump himself says...

4% Not a Realistic Target for Future Growth
September 6, 2016

As we’ve noted, expanding the Earned Income Tax Credit (EITC) for workers who aren’t raising children in the home would boost labor force participation, reduce poverty, and ensure that the benefits of economic growth are shared more broadly — especially if...

Man Working on Bicycle
July 8, 2016

We’ve updated our Great Recession chart book to reflect the June jobs data that the Bureau of Labor Statistics released today.  The new data show that private employers have added 14.8 million jobs to their payrolls in the 76 months since...

Monthly Change in Nonfarm Employment
May 18, 2016

The Administration’s new rule making millions of workers eligible for overtime pay is the President’s “most significant action on behalf of middle-class paychecks,” CBPP Senior Fellow Jared Bernstein...

May 10, 2016

“Fix Puerto Rico’s debt now, or taxpayers will bail Puerto Rico out later,” CBPP Senior Fellow Jared Bernstein warns Congress in a piece for the Washington Post.  Here’s the opening:

Dollar and Columns
April 20, 2016

Subsidized jobs need a substantial, dedicated federal funding stream to “better promote the development of programs to effectively help the sizeable share of the working-age population with serious or multiple barriers to employment,” a new...