Economists have long helped to shape policy on issues like taxes and health care. But flawed forecasts and arcane language have cost them credibility.
Category: Economics (Theory and Philosophy)
Can Low Unemployment Last Under Trump?
Hiring has slowed, but joblessness remains at levels defying economic norms. Big policy changes under a new administration could test that resilience.
Have Paychecks Kept Up With the Cost of Living?
On average, wages have risen faster than prices in recent years. But not all Americans are getting ahead.
Why Low Layoff Numbers Don’t Mean the Labor Market Is Strong
Past economic cycles show that unemployment starts to tick up ahead of a recession, with wide-scale layoffs coming only later.
Kamala Harris Blames ‘Price Gouging’ for Grocery Inflation. Here’s What Economists Say.
Price increases when demand exceeds supply are textbook economics. The question is whether, and how much, the pandemic yielded an excess take.
Stock Markets Signal Recession Fears. Here’s the Economic Outlook.
The economy has repeatedly defied predictions of a downturn since the pandemic recovery began. Now signs of strength contend with shakier readings.
Is the Boom-and-Bust Business Cycle Dead?
There is a growing view that the U.S. business cycle has changed (for better) in a more diversified economy. To some, that sounds like tempting fate.
Can America Turn a Productivity Boomlet Into a Boom?
After drooping in 2022, the output of U.S. businesses per worker has surged. Economists wonder if the trend can continue, and who will benefit most.