The Agenda

The May Unemployment Report

One interesting aspect of the latest unemployment numbers, which are, as always, subject to revision: the unemployment rate increased sharply for those without a high school diploma (from 12.5 percent to 13 percent) while it decreased for those with a BA (from 4 percent to 3.9 percent). It also increased for those with a high school diploma but not college (7.9 percent to 8.1 percent) and for those with some college (7.6 percent to 7.9 percent). I think of the latter group as a bellwether.

These numbers are nothing to cheer about, and we can expect that the Federal Reserve will take them into account as it anticipates what to do next. 

Most Popular

White House

Trump’s Disgraceful Endgame

President Trump said the other day that he’d leave office if he loses the vote of the Electoral College on December 14. This is not the kind of assurance presidents of the United States typically need to make, but it was noteworthy given Trump’s disgraceful conduct since losing his bid for reelection to ... Read More
White House

Trump’s Disgraceful Endgame

President Trump said the other day that he’d leave office if he loses the vote of the Electoral College on December 14. This is not the kind of assurance presidents of the United States typically need to make, but it was noteworthy given Trump’s disgraceful conduct since losing his bid for reelection to ... Read More
Elections

The Stolen-Election Narrative Needs to End

Happy Cyber Monday! On the menu today: The president speculates that the U.S. Department of Justice and FBI may be involved in the effort to steal the election from him; China hopes that you and the rest of the world forget how the pandemic started; and the 2020 edition of the annual NR Cyber Monday shopping ... Read More
Elections

The Stolen-Election Narrative Needs to End

Happy Cyber Monday! On the menu today: The president speculates that the U.S. Department of Justice and FBI may be involved in the effort to steal the election from him; China hopes that you and the rest of the world forget how the pandemic started; and the 2020 edition of the annual NR Cyber Monday shopping ... Read More
Elections

How Trump Could Have Reacted to the Election

It was predictable, and widely predicted, that Donald Trump would respond to an election loss, particularly one by as narrow a margin as this, with claims of fraud, efforts to delegitimize the outcome, and increasingly implausible attempts to find some lever to overturn it. Handling setbacks without grace or ... Read More
Elections

How Trump Could Have Reacted to the Election

It was predictable, and widely predicted, that Donald Trump would respond to an election loss, particularly one by as narrow a margin as this, with claims of fraud, efforts to delegitimize the outcome, and increasingly implausible attempts to find some lever to overturn it. Handling setbacks without grace or ... Read More