Are Americans Moving Less Because of Weaker Demand?
One interesting feature of the U.S. labor market over the last few decades is the decline in geographic migration, a topic I discussed in AIER’s March Research Brief. This is occurring during a period where other types of labor-market mobility (such as job changes) are also decreasing. A natural supposition is that these trends are linked, and many observers believe that this lower mobility is a sign of a less flexible and dynamic U.S. economy, and thus, a big problem
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A Winter of Less Discontent Than We Originally Thought
New data out this morning show it appears that the economy’s slowdown earlier this year was not as drastic as we initially concluded.
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