With the American Rescue Plan’s two-year anniversary now behind us, this blog post revisits the economic impact of pandemic response policies of the Biden Administration. The economic recovery from the pandemic in the United States has been historic relative to prior episodes with employment recovering to pre-crisis levels much faster…...
Cooler hiring in June could help the Fed achieve an elusive ‘soft landing’ for US economy
The pace of hiring by businesses and government agencies in June — 209,000 added jobs — was the smallest monthly gain in 2 1/2 years. Yet it was still a healthy increase, enough to reduce the unemployment rate from 3.7% to 3.6%, barely above a half-century low. And it amounted…...
Five Types of Class Action Risks Following a Layoff
Lately it seems like you can’t go a day without seeing news of another round of layoffs affecting workers and companies across the U.S. As companies seek to cut costs, however, they should be wary of the legal risks that come with implementing layoffs hastily or without regard for state…...
How many jobs need to be sacrificed to tame inflation? The cost is rising
Events have outpaced the best-laid plans of policymakers. The recent turmoil in the financial sector will place constraints on the Federal Reserve’s efforts to restore price stability. Our research indicates that the Fed, facing persistent inflation, will for now have to accept a de facto inflation target of 3% to…...
US Economic Forecast Q1 2023
A potential “soft landing” for the US economy might just be in sight. The end-of-year decline in retail sales and industrial production were reminders that the economy is slowing, but January saw signs that the economy might still be growing too fast for the Fed’s liking.1 Some additional obstacles have appeared…...
Hospitality Recruitment: 6 Ways to Improve Your Hotel
Hoteliers: it’s a tight labor market out there. And that means hiring for open positions can be incredibly difficult. Consider this fact: the U.S. added 220,000 jobs last month and wages are only growing by 2.5%. That means hospitality recruitment and filling open positions at your hotel is only going…...
