Thursday, 13 October 2016

The Obama expansion: Just in time for 2016 (Robert Shapiro, Brookings)

The tough economic times of the last decade have shaped the 2016 elections so profoundly that most Americans are accustomed to seeing the world through a lens clouded by their experience of stagnant incomes. That makes it harder to recognize when conditions have changed. And yet times do appear to be different: American businesses have created almost 9.2 million net new jobs since January 2013, recalling the job creation rates of the 1980s and 1990s and the latest Census Bureau data show that over the three years from 2013 through 2015, the incomes of most American households grew, and at rates that matched or even exceeded the 1980s and 1990s.

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