Dean Baker
Contributor at Freelance
Senior economist at the Center for Economic &Policy Research (@ceprdc). Blog-- Beat the Press (@beat_the_press) Tweets are my own views.
Articles
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1 week ago |
cepr.net | Data Bytes |Dean Baker |Sylvia A. Allegretto
The unemployment rate stayed at 4.2 percent in April, keeping it in the narrow 4.0-4.2 percent range it has been in since May of last year. The job growth in the establishment survey was also solid at 177,000, although the previous two months’ numbers were revised down by 52,000. As in prior months, health care was by far the leading job gainer, adding 50,600 jobs. State and local governments continued to be big job gainers, together adding 19,000 jobs.
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2 weeks ago |
cepr.net | Data Bytes |Dean Baker
Donald Trump claims to be concerned about the trade deficit, which according to him is a story of other countries ripping us off. As many of us have explained, the trade deficit is simply a story of other countries selling us more than they buy from us, sort of like the relationship most of us have with our neighborhood supermarket. But logic never meant much to Donald Trump. Arithmetic also doesn’t seem to mean much to him.
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2 weeks ago |
counterpunch.org | Dean Baker
The Trump administration’s deportation of people without anything resembling due process has disgusted much of the population. The latest target was a two-year-old girl who apparently is a US citizen. As with many of the other people slated for deportation, she doesn’t seem to fit the description of the dangerous criminals who Trump claimed are terrorizing the country.
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2 weeks ago |
cepr.net | Data Bytes |Dean Baker |Sylvia A. Allegretto
The 228,000 job growth reported for March was considerably higher than most analysts had expected. It was accompanied by downward revisions of 48,000 to the prior two months’ data, so the net job growth was not quite as large as it first appeared. But there is no doubt that the labor market was still looking strong last month. The headwinds that we were looking at before the March report are still there and almost certainly stronger now.
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2 weeks ago |
cepr.net | Data Bytes |Dean Baker
Since Donald Trump took office and embarked on his strategy of slashing government and hugely increasing import taxes (tariffs), measures of both consumer confidence and business expectations have fallen through the floor. We have seen the same pattern virtually everywhere, with many measures falling below levels seen in the pandemic and the Great Recession.
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RT @talmonsmith: wow turns out there isn't that much low hanging $ fruit of waste, fraud and abuse and the government taking care of old pe…
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