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The U.S. labor market added 175,000 jobs in April, another solid month for job gains, with over 60% of private-sector industries adding jobs. The unemployment rate ticked up slightly to 3.9%–it went from 3.83% to 3.86%–and the labor force participation rate held steady at 62.7%. To extract a stronger signal from the monthly data, it’s…
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The U.S. labor market added 175,000 jobs in April, another solid month for job gains, with over 60% of private-sector industries adding jobs. The unemployment rate ticked up slightly to 3.9%–it went from 3.83% to 3.86%–and the labor force participation rate held steady at 62.7%. To extract a stronger signal from the monthly data, it’s…
Source:www.whitehouse.gov
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As Prepared for Delivery I wanted to take advantage of this privilege to speak at the Economic Club of New York to pull back a bit—don’t worry, not too far—from our daily obsession with the dataflow. In my conversation with Mark, I’ll be sure to share with you CEAs and the administration’s near-term economic outlook.…
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Six months ago, President Biden issued a landmark Executive Order to ensure that America leads the way in seizing the promise and managing the risks of artificial intelligence (AI). Since then, agencies all across government have taken vital steps to manage AI’s safety and security risks, protect Americans’ privacy, advance equity and civil rights, stand…
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Tracking economic indicators is challenging at the best of times, but lately it has been especially so, with key variables moving in ways that often differed from what economists expected. Job gains, for example, have often surprised to the upside, as discussed in a recent blog. Real GDP had done the same for a few…
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By Emily Pindilli, Jane Lubchenco, and Sol Hsiang, Office of Science and Technology Policy Climate and Environment Team The U.S. economy and our environment are deeply intertwined. A strong economy relies on a stable climate, clean air and water, and the many other benefits that nature provides. On his first week in office, President Biden…
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