If the goal of the IRA and CHIPS funds was that they would help complete, or at least begin, manufacturing projects, they fell well short. Less than 50 percent of these projects are on track. americanactionforum.org/daily-dish/the…

The Biden Administration claim of a never-before-seen investment boom resulting from the IRA and CHIPS is an exaggeration. Investment growth in the United States is virtually unchanged between the Trump and Biden Administrations. americanactionforum.org/daily-dish/the…

Under CBO’s projections, the Social Security OASI trust fund will exhaust its reserves by the end of FY2033 and the Social Security Disability Insurance trust fund will run out by the end of calendar year 2064. americanactionforum.org/insight/highli…

Investment growth in the US is virtually unchanged between the Trump and Biden Administrations. Put simply, $400 billion in handouts to preferred industries may not have the immense economic payoff the Biden Administration suggests. americanactionforum.org/daily-dish/the…

The Daily Dish: The IRA and CHIPS: Where Are They Now? - @jjensen2020 americanactionforum.org/daily-dish/the…

Since the last #JobsDay, evidence of a cooling labor market has continued to mount. Most notable were the revised estimates of nonfarm payroll data that showed 818,000 fewer jobs were created between April 2023 and March 2024 than previously reported. americanactionforum.org/press-release/…

Freddy’s Forecast: August Jobs - Expect the topline payroll number to remain muted at 155,000 while the unemployment rate ticks down to 4.2 percent. Growth in hourly earnings dips to 7 cents, or 0.2 percent. #JobsDay americanactionforum.org/press-release/…

Initial unemployment claims and JOLTS data confirmed that the ongoing labor market cooldown is coming in the form of a slowdown in the pace of hiring. Expect the topline payroll number to remain muted at 155,000 while the unemployment rate ticks down. americanactionforum.org/press-release/…

Freddy’s Forecast: August Jobs - Fred Ashton #JobsDay americanactionforum.org/daily-dish/aug…

Freddy’s Forecast: August Jobs - Fred Ashton #JobsDay americanactionforum.org/press-release/…

The jobs report is out! Douglas Holtz-Eakin breaks down the August employment report.

FACT OF THE DAY: Since January 1, the federal government has published rules that imposed $1.35 trillion in total net costs and 107.6 million hours of net annual paperwork burden increases.

Data junkies, here’s your #U6Fix: The August U-6 ticked up 0.1 percentage point to 7.9 percent amid an increase in those employed part time for economic reasons. It was the highest reading since October 2021. #JobsDay americanactionforum.org/u6-fix/its-a-q…

California’s regulation of AI is likely to influence Congress’ debate about the appropriate regulatory approach to address open AI. It is crucial for policymakers to evaluate how AI regulations might unintentionally hinder innovation. americanactionforum.org/insight/open-s…

Job growth rebounded modestly in August as employers added 142,000 new workers to their payrolls. Data for June and July were downwardly revised to show 86,000 fewer jobs created than previously reported. #JobsDay americanactionforum.org/u6-fix/its-a-q…

The Biden Administration’s TCET Pathway would allow CMS to drastically expedite the approval process of up to five FDA breakthrough devices each year. Unfortunately, this final rule will likely have only a minimal impact. #WeeklyCheckup americanactionforum.org/weekly-checkup…

With inflation still sitting close to 3 percent, the Fed needs to balance the risk between ensuring inflation continues to move toward its 2 percent target and not falling behind on a labor market that has continued to soften. #JobsDay americanactionforum.org/u6-fix/its-a-q…

Many new FDA-approved products experience long delays between their approval and Medicare coverage, with most products taking an average of five years to receive coverage following FDA approval. The Biden Admin’s TCET doesn’t much address this problem. americanactionforum.org/weekly-checkup…

U6 Fix: It’s a Question of 25 or 50 for the Fed - Fred Ashton #U6Fix #JobsDay americanactionforum.org/u6-fix/its-a-q…

Weekly Checkup: New Solution, Same Problem - John C. Walker #WeeklyCheckup americanactionforum.org/weekly-checkup…