New today from @prestonmui.bsky.social - Employ America's reaction to Jerome Powell's Jackson Hole speech

www.employamerica.org/monetary-pol...

Framework update from Powell: removed the "shortfalls" language but adds: "employment may at times run above real-time assessments of maximum employment without necessarily creating risks to price stability."

noting that estimates of "maximum employment" are "highly uncertain."

Is AI responsible for the relative increase in unemployment among recent college graduates? Probably not.

Recent grad employment trends are similar in industries more or less likely to use AI

Nice analysis from Will Raderman @employamerica.bsky.social

New from me at @employamerica.bsky.social

In Defense of the 2020 Fed Framework's Emphasis on Full Employment

www.employamerica.org/monetary-pol...

New up at @employamerica.bsky.social from our guest writer Will Raderman

www.employamerica.org/labor-market...

And, perhaps the most important part, check out the merch store employ-america-shop.fourthwall.com

Request noted! Sounds like a great idea for an autumn collection...

We’re very excited about this new chapter in Employ America’s history.

Big thanks to the whole EA team - and our designers & dev - but esp to former EAgle Alex Williams, who constructed much of the back-end of the new site just before departing for new adventures 🙏 @atwilliams.bsky.social

Second: No new brand is complete without merch!

Some vintage logo merch will continue to be available for a limited time, but we’re also premiering our brand new logo on a variety of designs: employ-america-shop.fourthwall.com

First: We have a beautiful new website reflecting a suite of new branding!

We of course love our vintage logo - we’ll continue to find ways to use it. Our goal has been to strengthen our visual brand while maintaining continuity in color and details www.employamerica.org

There’s lots of exciting news from Employ America today - we’re unveiling new branding, new mission-focused language, and a new vision for how to achieve durable full employment through robust macroeconomic policy.

But that's not all...

this is an extremely thoughtful note; one can really look at EA as a guiding light for how the “needs” for US policymaking have evolved over the past 5-10 years.

new EA just dropped

Employ America’s deep understanding of the macroeconomic picture and innovative legal thinking positions us uniquely well to meet this moment. We’re eager to dive into a new era as an organization, and craft the policies needed to unleash the full potential of the US economy! /end

Strong policy can incentivize investment, prevent supply chain snarls, and create the foundation for a durable full employment economy. We’re committed to equipping policymakers with a robust toolkit to navigate through these uncertain times, into a future of inclusive prosperity 3/4

Employ America was launched in 2019 to confront the policy failures in the wake of the Global Financial Crisis. Policymakers learned from their mistakes and avoided another jobless recovery after COVID, but shortages and inflation have revealed the limits of the old playbook 2/4

Exciting news: Employ America is relaunching to face the challenges of a new era! Not only do we have a new logo and new branding, but we’ve also refocused our work pursuing Full Employment, and the array of policy solutions that can sustain it
www.employamerica.org/expanding-th...

At @employamerica.bsky.social: The Past, Present, And Future Of Macroeconomic Policy by Vikas Patel and myself.

www.employamerica.org/blog/the-pas...

Unemployment rate flat, but epop dips quite a bit.

A lot of employed -> not in labor force flows this month.

New @rooseveltinstitute.org report from me & @alexbhturnbull.bsky.social: we need not choose between markets & planning—we can build better markets.

Strategic reserves, integrated w/ modern financial markets, can boost supply resilience & stabilize prices during shocks.

1/

Roosevelt brought together 20+ authors (incl. Sen Murphy, AFL-CIO's Liz Shuler, Mariana Mazzucato, Cecilia Munoz, Ned Resnikoff, Arnab Datta...) to answer the question: what should progressive policy priorities look like in the coming months and years? (mini 🧵)

New from me at @employamerica.bsky.social www.employamerica.org/blog/a-slowd...