Jason FurmanVerified account

@CEAChair

Chairman of President Obama's Council of Economic Advisers. Tweets may be archived. More at .

Washington, DC
Joined September 2013

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  1. [Vidéo] Comment repenser le rôle de la politique budgétaire ? avec

  2. Chmn of W.H. Council of Econ Advisers Jason Furman , a key architect of US econ recovery, is in Prague to meet with CZ policymakers

  3. Nous accueillions avec pour un débat "Comment repenser le rôle de la politique budgétaire ?"

  4. Chief Economist WH : most countries have seen lower productivity growth & ⬆️levels of inequality

  5. .: a good care system helps /risk taking & mobility

  6. Important op-ed by and explaining corporate (monopsony) power, amplifying recent CEA paper:

  7. and I discuss anti-competitive labor mkt practices and what the Obama Admin is doing about them in WSJ:

  8. Unemployment rate for veterans has been cut by more than half since its peak, but challenges remain, especially for post-9/11 vets.

  9. One cause may be less bargaining power for workers & more employer monopsony. & my op-ed in today

  10. With rising real wages, labor share of income has risen since 2014, though long-term downward trend remains.

  11. Over past year, wages up 2.8%, fastest rate since 2009. Real wages have grown faster in current business cycle than any since early 1970s.

  12. US businesses have added 15.5 million jobs since early 2010. Longest streak of total job growth on record.

  13. Economy added 161K jobs in October. UR ticked down to 4.9%. Over past year, fastest wage growth since recovery began

  14. If TPP does not pass, US also forgoes vital opportunity to boost economic growth & shape trade in Asia with US values & high standards

  15. This v conservative estimate only measures risk to exports in 1 market & goods tariff cuts. Many other mkts & barriers to US firms at stake.

  16. China would likely see typical tariff cuts of over 5 percentage points where tariffs are cut & many tariffs cut by over 10 percentage points

  17. Chinese firms would gain advantage over at least 35 US industries that employ nearly 5 mil. workers & sell $5.3 bil. in goods to Japan/year

  18. China would face tariffs half as high as the US when exporting to Japan.

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