Business investment looks different in this expansion, as the U.S. reinvests in its long-term productivity. Factory building is contributing almost a third, reflecting President Biden’s CHIPS Act and Inflation Reduction Act. home.treasury.gov/news/featured-…

Judging by their investment decisions, businesses are bullish on the American economy.

As Secretary Janet Yellen announces new initiatives to boost housing supply, see our new Treasury Department blog on housing economics from Laura Feiveson and team. home.treasury.gov/news/featured-…

Another way to think about U.S. incomes growing faster than prices: the typical (median) American worker can now afford the same basket of goods and services they bought in 2019–but with $1400/yr left over. See our blog on rising American purchasing power: home.treasury.gov/news/featured-…

Wait...what? UST flexing on CEA with a killer investment chart?! Great stuff, Eric Van Nostrand, re an underappreciated strength of the current recovery, ie, it ain't all C. It's I too. Folks should chk out Fig 3 in the UST blog using accelerator model. Highly revealing.

Here’s the full Treasury Department blog: home.treasury.gov/news/featured-…

New details in our IRA blog: 3.4 million American families are benefiting from more than $8 billion in clean energy tax credits. That lowers families’ utility bills while mitigating climate change and air pollution. home.treasury.gov/news/featured-…

Great question. “Where” is key in the IRA, which strengthens disadvantaged communities. Beyond the family credits Secretary Janet Yellen mentions, IRA-driven private clean investments are going places that face lower income, less education, and higher poverty. More: home.treasury.gov/news/featured-…

Comparing *levels* of usually-stable construction misses the point. The factory boom explains almost all the *change* in construction, and that’s a big contributor to GDP growth: it’s about 1/3 of strong post-pandemic business investment growth! More: home.treasury.gov/news/featured-…

See the full Treasury Department analysis here: home.treasury.gov/news/featured-…

Small business is booming in America. Our new Treasury Department blog on the economics of small firms: they make up 50% of private employment and created 70% of the net new jobs we’ve added since the pandemic. home.treasury.gov/news/featured-…

It’s a great time to start a business in America—by revealed preference! Applications for new businesses are running at 430,000 per month this year, 50% more than before the pandemic. From our new blog: home.treasury.gov/news/featured-…

American entrepreneurs are more diverse than ever before. 43% of self-employed Americans are female: the most ever. From our new small business blog: home.treasury.gov/news/featured-…

A truly great, historic trend worth celebrating. See also this longer-term perspective on this issue of strong labor supply (doesn't include today's data): x.com/econjared46/st…

This comes from Council of Economic Advisers's new blog!! whitehouse.gov/cea/written-ma…