Aspen Economic Strategy Group Examines Challenges and Opportunities of the Post-Pandemic Economy in New Policy Volume
Former Treasury Secretary Timothy Geithner announced as group’s new Co-Chair and eight leading experts from academia and industry join as new members WASHINGTON, DC | DECEMBER 1, 2021 — The Aspen Economic Strategy Group (AESG) today released its annual policy volume examining some of the most significant economic challenges facing the nation. The Covid-19 ...
How much have childcare challenges slowed the US jobs market recovery?
The US economy lost a net of 8 million jobs between February 2020 and April 2021. Agreement is growing that people not actively seeking employment (inadequate labor supply) has been playing a major role in the slow recovery, as evidenced by factors including record job openings, the largest wage increases in decades, and other signs ...
13 Aspen Economic Strategy Group Reports related to the American Jobs and Families Plans
The Biden Administration’s American Jobs Plan and American Families Plan propose over $4.1 trillion in new government spending over the next 10 years, aiming to fundamentally reshape and expand the social safety net, increase the economy’s productive potential through investments in physical and human capital, and make major public investments in green infrastructure and technology. ...
Aspen Economic Strategy Group Releases New Policy Analyses Examining the US Infrastructure Agenda
Three papers examine how infrastructure investments can promote economic growth and broader prosperity. Washington, DC, July 14, 2021 – The Aspen Economic Strategy Group (AESG) today released a set of three papers on infrastructure and technological innovation and their impact on the post-pandemic economic recovery. These papers will be included in the group’s annual policy volume, ...
14 Facts about US Investments in Infrastructure and R&D
Bipartisan support in Congress is emerging for new strategic investments in science and technology, in addition to a trillion-dollar infrastructure deal. These proposals reflect an emerging consensus that large-scale government investments are necessary to support the US economy’s transition to sustainable energy sources, address underlying sources of domestic inequality, and promote American economic competitiveness. In ...
Seven Recent Developments in US Science Funding
Over the past century, scientific research and development (R&D) has fueled US economic and military might and propelled the country’s status as a global superpower. These investments have helped to launch not only the technologies that define modern life, including the internet, mobile and personal computing, and artificial intelligence, but also the healthcare advances that ...
April 2024 Jobs Report: A Best-Case Scenario for the Fed?
The BLS estimated that the US economy added 303,000 jobs in February, with the unemployment rate ticking down from 3.9% to 3.8%. Below are three key takeaways from this report – and what it means for interest rates. 1. Job Growth Continues to Defy Expectations Overall nonfarm employment grew by 303,000 in March, blowing past ...
June 2024 Jobs Report: Entering a New Phase of the Job Market
The BLS estimated that the US economy added 206,000 jobs in June, with the unemployment rate ticking up from 4.0% to 4.1%. Three things stood out beneath the headlines of this report. 1. Revisions to April and May Show a Softer Job Market While the topline number of 206,000 jobs added in June was about ...
Brookings Institution: Six reasons why an expanded Child Tax Credit or child allowance should be part of the US safety net
The Child Tax Credit has been part of the federal income tax code since 1997. It has been expanded many times, most recently as part of the American Rescue Plan. Under this plan, for the year 2021, the maximum Child Tax Credit amount is increased from $2,000 per child to $3,600 for children below the age of 6 ...