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economy

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News

Wolfers insights on U.S. economic performance

Sep 7, 2023
Over this past summer, Justin Wolfers, professor of public policy and economics at the Ford School, was widely interviewed on the state of the economy and the American public's reactions to its performance.  Here are highlights from his media...
In the Media

Stevenson breaks down job growth across different sectors

Apr 4, 2023 CNBC
Betsey Stevenson, CNBC: "What we've been seeing is a massive reallocation of workers. First, we expanded how much stuff we were buying, so the goods sector just did remarkably well early on in the pandemic. And it was the service sector that got...
In the Media

Foreign Affairs asks Wolfers, "Are we headed toward recession?"

Mar 30, 2023 Foreign Affairs
Justin Wolfers, Foreign Affairs: "The economy definitely could fall into recession—there is always a risk—but it is worth remembering that it is never a certainty. The only time horizon over which economists have a good record in predicting...
In the Media

Stevenson analyzes Fed messaging

Mar 21, 2023 Bloomberg
Betsey Stevenson, Bloomberg: "I think sticking with 25 basis points is hopefully going to be sending the signal that they (the Federal Reserve) really do believe that the situation is stabilizing. That they don't need to veer from their planned...
In the Media

Economy is 'extraordinary' - Wolfers

Mar 12, 2023 WDIV
Justin Wolfers, WDIV: "My summary is what a little ripper. Last month, we were extraordinary. So we aren't extraordinary two months in a row, we're merely very good. This is the sort of job growth that maybe we've gotten used to over the past couple...
In the Media

Wolfers remains optimistic about economy

Mar 10, 2023 BBC
Justin Wolfers, BBC: "The best forecast for the future state of the economy is the current state and the current state is good. There's a recessionary vibe, but there's no recessionary...
News

Wolfers optimistic about soft landing for economy

Feb 17, 2023
As concerns about the economy continue, one economist is optimistic. Justin Wolfers, professor of public policy and economics, recently talked with NPR to discuss his economic analysis and predictions. "You're talking to an economist who is going...
In the Media

Hanson discusses state of inflation

Feb 14, 2023 Wallet Hub
Jonathan Hanson, Wallet Hub: "The point of interest rate increases is to slow down the economy and thus cool demand. Pressure on prices thus falls. It’s effective for controlling the rate of inflation but does not come without some pain. I think the...
In the Media

Stevenson analyzes inflationary pressure

Feb 11, 2023 The New Yorker
Betsey Stevenson, The New Yorker: "People always hate inflation. Even when inflation was at historic lows, survey data showed that eighty-three percent of Americans thought inflation was a problem. The President has very few levers. And, in this...
In the Media

Wolfers celebrates low unemployment rate

Feb 10, 2023 NPR
Justin Wolfers, NPR: "We're celebrating unemployment being at a 50-year low. This is only three years after the scariest economic moment of my lifetime. If you had said in three short years we'll yield an unemployment rate that earlier generations...
In the Media

Stevenson discusses strong labor market

Feb 9, 2023 NPR Marketplace
Betsey Stevenson, NPR Marketplace: "Are employers trying to hire a bunch of phantoms — people who don’t exist? Are they just finding it too hard to find...
In the Media

Stevenson discusses trade-offs of inflation

Feb 5, 2023 NPR
Betsey Stevenson, NPR: "The thing about inflation is it hurts us all a little 'cause it's terrible, right? You go to the store, and we're all talking about the price of eggs. We feel it. We feel rents going up and food prices going up, but, you...
In the Media

Is the economy good? Wolfers says yes

Feb 3, 2023 Vox
Justin Wolfers, Vox: "If you want a dramatic one-word answer, the answer is yes. Unemployment’s at a 50-year low, that’s the standard metric for thinking about how the economy is performing. Job growth is continuing, so it’s not only good, it’s...
In the Media

Stevenson breaks down new GDP numbers

Jan 26, 2023 MSNBC
Betsey Stevenson, MSNBC: "I think what we have learned is that when we give families and people enough money, to mean that we don't have a bunch of people who are at risk of eviction, losing their house, not putting food on the table, it gives them...
In the Media

Dominguez breaks down how exchange rates impact inflation

Jan 13, 2023 BBC
Kathryn Dominguez, BBC: "We saw this really dramatic appreciation of the dollar when the US was really moving most forcefully against inflation earlier in 2022. As exchange rates stabilize, that kind of moving of inflation from one country to...
In the Media

Stevenson breaks down latest CPI report

Jan 12, 2023 Washington Post
Betsey Stevenson, Washington Post: "What we saw in the inflation data is that what [the Fed] is doing is working. And so far, it hasn’t slowed the economy so much that we’ve seen net losses in jobs. We’ve seen some corrections in the labor market....
In the Media

Stevenson breaks down last jobs report of 2022 on Bloomberg

Jan 6, 2023 Bloomberg
Betsey Stevenson, Bloomberg: "It's a very strong jobs report. What we saw was ongoing job growth. 2021 was the strongest year of job growth we've ever had, and 2022 came in there as the second. We did see some slowdown as the year continued but even...
In the Media

Stevenson breaks down tech layoffs

Dec 12, 2022 NPR Consider This
Betsey Stevenson, NPR Consider This: "I do not think it's indicative of a sector that's struggling. I think it's indicative of a sector that had gangbuster growth over the last couple years and maybe got a bit ahead of its skis thinking that that...
In the Media

Dominguez discusses the weakening dollar

Dec 5, 2022 NPR Marketplace
Kathryn Dominguez, NPR Marketplace: "Manufacturing companies that are selling abroad and competing with foreign manufacturers may find that they are able to do better with a less-strong...
News

Stevenson breaks down latest jobs report data

Dec 5, 2022
In addition to providing BLS Monthly Jobs Report Rapid Insights, Betsey Stevenson, professor of economics and public policy, has lent her expertise to numerous media outlets to break down the latest jobs report. Here's what she had to say about the...
News

Ivacko discusses voter priorities in 2022 election

Oct 30, 2022
Ahead of the midterm election, Tom Ivacko, executive director of the Center for Local, State, and Urban Policy, joined WXYZ Detroit to discuss what's on voters' minds. "This is a very interesting election cycle. Typically, the economy is one of...
In the Media

U.S. not in a recession, Wolfers tells WDIV

Oct 23, 2022 WDIV
Justin Wolfers, WDIV: "One level more complicated, and another level much simpler. Which is, as of right now, the U.S. economy is not in a recession. Last time we talked, the U.S. economy wasn't in a recession, and the U.S. economy hasn't been...
News

Wolfers to IMF: reasons for optimism amid uncertainty

Oct 19, 2022
Ford School professor Justin Wolfers, an expert economist, recently joined the International Monetary Fund as a panelist to discuss the current economy and how to boost resiliency.  "I just wanted to offer a moment of rhetorical reframing because...
News

Stevenson breaks down inflation's causes on 'Face the Nation'

Oct 19, 2022
As inflation continues to rise, voters are getting more and more worried about the economy. To alleviate some of that concern, Betsey Stevenson, professor of public policy and economics, provided her expertise on CBS News: Face the Nation. "It is...
In the Media

Stevenson reacts to September inflation report

Oct 13, 2022 CNBC
Betsey Stevenson, CNBC: "Obviously, this isn't a report that anyone likes to see. At the same time, I want to say we should never overreact to one report. What are we seeing here? We saw really fast inflation in services. So what's going on? We're...
In the Media

Stevenson analyzes September job report

Oct 10, 2022 DBusiness
Betsey Stevenson, DBusiness: "The job growth in September came largely from industries that drove pre-pandemic job growth, but have struggled in the wake of the...
In the Media

Wolfers says Fed is on track to a 'soft landing'

Oct 8, 2022 CNN News Source
As economic worries continue, Justin Wolfers, professor of public policy and economics, provided his expert opinion on inflation and the economy. “The thing that’s hurting people of course is inflation," he said. “This has been a key goal of the...