Jay Shambaugh (NARA)

This is an archive of an Obama Administration account and is maintained by the National Archives and Records Administration (NARA).

[Jay Shambaugh (NARA) @CEAJay]

This account is an official account and may be used by the next CEA. Tweets after this are not from me. You can follow me @JayCShambaugh

[Jay Shambaugh (NARA) @CEAJay]

It has been a great honor to work for @POTUS and work with this amazing team. After next week, I'll be private citizen @JayCShambaugh

[Jay Shambaugh (NARA) @CEAJay]

U.S. has been adding jobs at a faster pace than the rest of the G7. More than half of all G7 jobs added since start of 2010 in the U.S. https://t.co/dB56FIYtpb

[Jason Furman NARA @CEAChair44]

Since 2010, the United States has put more people back to work than all the other G-7 economies combined.

[Jason Furman NARA @CEAChair44]

Initial claims for unemployment insurance have been below 300,000 for 96 consecutive weeks, the longest streak since 1970.

[White House Archived @ObamaWhiteHouse]

Longest streak of total job growth on record ✓

Fastest wage growth since the start of the recovery ✓

https://t.co/uo6Mz0WggU #JobsReport

[Jay Shambaugh (NARA) @CEAJay]

Strong wage growth this month part of the fastest wage growth for a business cycle since the early 1970s. https://t.co/QdRUZIvcSB

[Jason Furman NARA @CEAChair44]

Real hourly wages have grown faster over the current business cycle than in any cycle since the early 1970s.

[Jay Shambaugh (NARA) @CEAJay]

A Baker's dozen of points about the employment report. Lots of figures and data to go through. https://t.co/1Td6qH3CRS

[Jason Furman NARA @CEAChair44]

For the final jobs data of 2016 & Obama Administration, here are 13 key points on labor market progress since 2009: https://t.co/6GzJSps2ar

[Jay Shambaugh (NARA) @CEAJay]

USG, Blue Chip, CBO all put long run 10 year real yields < 2%. Last time discount rate was changed they were >3.

[Jay Shambaugh (NARA) @CEAJay]

Lower long term interest rates (around the world, and in forecasts) suggest discount rate should likely come down.

[Jay Shambaugh (NARA) @CEAJay]

New CEA issue brief assessing the discount rate used in public policy. Read more here: https://t.co/2DlmPuBxM1

[Jason Furman NARA @CEAChair44]

New @WhiteHouse report examines impact of AI-driven automation on economy & strategies to ensure widespread benefits https://t.co/EhLeUeKn0P

[Jason Furman NARA @CEAChair44]

GDP up 3.5% in Q3 & GDI up 4.8%. CEA blog examines these data & broader macroeconomic progress over past 8 years: https://t.co/J96Kz5XOsq

[Jason Furman NARA @CEAChair44]

U.S. economy is now 11.6% larger than its pre-crisis peak in 2007 amid its strong recovery from the Great Recession

[Jason Furman NARA @CEAChair44]

Rising incomes, improvements in household balance sheets & high consumer confidence have supported strong consumer spending growth.

[Jason Furman NARA @CEAChair44]

Investment growth (and recent slowdown) is closely tied to changes in the rate of US & global GDP growth, as predicted by accelerator model.

[Jason Furman NARA @CEAChair44]

Trends in State & local govt differ sharply from prior recoveries & subtracted from growth. Total govt purchases remain below 2007 level.

[Jay Shambaugh (NARA) @CEAJay]

All real GDP growth in current cycle attributable to private sector: gov spending down partly b/c state & local gov spending below 2007 peak

[Jay Shambaugh (NARA) @CEAJay]

Thanks for the questions. Great to join you for the chat. Lots more in the ERP. Enjoy reading. #EconReport

[Jay Shambaugh (NARA) @CEAJay]

Conditional on LFPR moving with demographics, about 80K. If LFPR does better than that (as in last year) would be higher. #EconReport https://t.co/qHmfo4oDFr

[Ron Davison @iamrondavison]

What is a good estimate for job growth per month that equates to no change in unemployment rate?
#EconReport

[Jay Shambaugh (NARA) @CEAJay]

UR down to 4.6%. Strong Job growth. Uninsured under 9%. Safer fin system. Renewable energy booming. #EconReport https://t.co/S4m5YvCVcW

[Energy Concierge Grp @econciergegroup]

@WhiteHouse @USDOL @POTUS @CEAChair @CEASandy @CEAJay What are some takeaways on the economic progress made? #EconReport