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The March jobs report showed the US economy added 303,000 positions and the unemployment rate fell to 3.8%. That far surpasses expectations for 205,000 jobs to be added and underscores the ongoing resilience of the US labor market.
For the past 50 years, the US unemployment rate has mostly been far above 4%, even rocketing to almost 15% during the pandemic. Yet in the turbulent period that followed lockdowns and other economic disruptions from the pandemic, it has stayed below the 4% level for more than two years.
In the latest in a string of statements and actions directed against China, US treasury secretary Janet Yellen issued a warning to it not to flood the world with cheap clean energy products that would distort global markets.
Despite the apparent policy gulf between the two presidential candidates, both harbor nearly identical protectionist instincts.
On Thursday, March 21, The Baker School of Public Policy and Public Affairs collaborated with The Steamboat Institute to host a debate between Michael Strain, the director of economic policy