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economy

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News

Wolfers provides expertise on current state of economy

Sep 9, 2022
Justin Wolfers, professor of public policy and economics, has made numerous appearances in the media recently, providing his expertise on the current state of our economy. Here is a compilation of his recent contributions: 'Both a warning and a...
In the Media

Core measures do a better job to predict inflation, says Wolfers

Aug 16, 2022 Quartz
Economists have a lot of data—consumer prices and monthly inflation rates— to measure inflation and predict prices. But Ford School economist Justin Wolfers explains that cherrypicked numbers are contributing to general confusion about what's...
In the Media

State inflation relief checks are not a stimulus, says Hausman

Jul 6, 2022 NPR Marketplace
A dozen states are providing tax rebates to residents who qualify. Professor Joshua Hausman told NPR Marketplace they are designed to help people deal with rising prices, not stimulate the economy. “This is not a good idea if you care about...
In the Media

'Not a single indicator that a recession is coming' - Wolfers

Apr 13, 2022 Los Angeles Times
With inflation running high, yet unemployment low, President Biden's approval rating has sunk, signaling the economic anxiety of Americans. In light of this, Justin Wolfers, professor of public policy and economics, discussed the economy and...
News

Stevenson and Wolfers discuss latest jobs report

Apr 4, 2022
The labor market is still booming, according to the latest jobs report. Justin Wolfers and Betsey Stevenson, both professors of public policy and economics, broke down what the jobs report means for Americans. "I do think it more likely that the...
News

Stevenson discusses gender dynamics in the labor market

Mar 29, 2022
Men and women experience the labor market very differently. Betsey Stevenson, professor of public policy and economics, who studies those differences notes that women's roles as caregivers, and a lack of affordable childcare or paid leave, are major...
In the Media

Stevenson analyzes conflicting views of the economy

Mar 17, 2022 The New York Times
Republican governors across the country have been criticizing President Biden for his economic policies while touting their own. Betsey Stevenson, professor of public policy and economics, weighed in on the trend. “Basically it’s insane to say,...
News

Stevenson describes Biden report, current labor market

Mar 8, 2022
A new report from the Biden administration highlights how employer practices, including collusion and constraints on competiton, are limiting workers' choices and wages. Betsey Stevenson, professor of public policy and economics, explained the cause...
In the Media

Stevenson gives update on the labor market

Mar 6, 2022 Bloomberg
Betsey Stevenson, professor of public policy and economics, recently appeared on Bloomberg's "Balance of Power" to discuss the latest jobs report.  "We saw a lot of jobs added and we saw employment grow. So, across the board, this is a really...
Publication

Johnson's study helps analyze thriving economy

Feb 23, 2022
A recent Washington Post article used a paper co-authored by David Johnson, director of the Panel Study of Income Dynamics, and Ford School professor by courtesy, to analyze American bank accounts.  "People were much slower to spend their...
In the Media

Wolfers discusses accuracy of economic predictions

Feb 23, 2022 Marketplace
As technology improves, economists are handed more and more data to make predictions with. But, does it make those predictions better? “The evidence seems to be if we are, only a little bit," Justin Wolfers, professor of public policy and...
News

Wolfers weighs in on inflation

Feb 16, 2022
Americans are becoming increasingly worried about inflation. Justin Wolfers, professor of public policy and economics, discussed the Federal Reserve's current approach to intervening in the economy to address the issue. "The mechanism by which...
In the Media

Stevenson discusses inflation and demand

Feb 13, 2022 CNN Politics
With inflation rising as the economy bounces back from the COVID-19 recession, the automobile industry is one area that has struggled due to labor and supply shortages. "The people screaming for Biden to do something do not want the Fed to raise...
In the Media

Stevenson proposes solutions for inflation

Feb 10, 2022 Yahoo! News
With Americans panicking about rising prices, Betsey Stevenson, professor of public policy and economics, proposed how to slow inflation down.  "So we've got two ways to fix the problem: We can bring down demand ... or we can try to increase...
In the Media

Wolfers discusses state of the economy

Feb 8, 2022 WDET
Justin Wolfers, professor of public policy and economics, recently appeared on WDET to talk about the economy, inflation, and jobs.  "People are complaining about rising prices and inflation. That’s their concern right now. It’s not about jobs,"...
News

Stevenson weighs in on January jobs report

Feb 6, 2022
The January jobs report revealed strong employment gains, with 467,000 jobs added in January. Betsey Stevenson, professor of public policy and economics, analyzed the report for numerous media outlets. The jobgains occurred in the midst of a...
In the Media

Not all Americans included in economic recovery - Wolfers

Feb 6, 2022 Los Angeles Times
The latest jobs report reflects a strong, recovering economy. But, Justin Wolfers, professor of public policy and economics, explained that not all Americans are feeling the effects of recovery.  "A lot of people, particularly older people, have...
In the Media

Wileden discusses Detroit's unchanged unemployment rate

Feb 4, 2022 WXYZ Detroit
In a recent interview with WXYZ, Lydia Wileden, PhD candidate and research associate on the Detroit Metro Area Communities Study, answered questions about Detroit's unemployment rate, which has stayed at 20% over the last year.  "We do see that a...
News

Stevenson discusses the Great Resignation and inflation

Feb 1, 2022
Betsey Stevenson, professor of public policy and economics, recently talked to Al Jazeera about the Great Resignation – the phenomenon of millions of Americans voluntarily leaving their jobs. She explained what's going on behind the...
News

Stevenson predicts change in household division of labor

Jan 27, 2022
How do assumed roles in parenting affect the gender pay gap? Betsey Stevenson, professor of public policy and economics, told The Boston Globe that childcare often falls on the mother, impacting wages and compensation. “Women seem to be a little...
In the Media

Hausman discusses COVID-19 economy

Jan 24, 2022 CBS News
Two years after COVID-19 was discovered in the U.S., the country is still grappling with the virus and its effects. Joshua Hausman, associate professor of public policy and economics, discussed the impact of the virus on different...
News

Stevenson provides insight on COVID-19 economy

Jan 21, 2022
The recession caused by the COVID-19 pandemic hit employment in the service sector hardest, and the workforce is still feeling the effects,  Betsey Stevenson, professor of economics and public policy, told Mother Jones , "The pandemic created a...
In the Media

Wolfers discusses inflation panic and Fed response

Jan 17, 2022 CNN Business
As consumer prices rise, some Americans panic that inflation will continue unabated. With its new interet rate policy, some are wondering if the Federal Reserve made a  mistake. Justin Wolfers, professor of public policy and economics, has faith in...
In the Media

Stevenson discusses job report calculations

Jan 10, 2022 CNBC
Recent government job reports have consistently undercounted the number of jobs created. Revisions are made regularly pushing those numbers up. Betsey Stevenson, professor of public policy and economics, explained how she estimates total jobs...
In the Media

Stevenson discusses Federal Reserve policy

Dec 15, 2021 Bloomberg
Following the Federal Reserve's announcement, Betsey Stevenson, professor of public policy and economics, appeared on Bloomberg's "Sound On" podcast to discuss monetary policy changes. "The Fed did exactly what everyone expected them to do today,...
News

Wolfers provides analysis on jobs, inflation

Dec 5, 2021
As the omicron variant spreads, the impact it will have on the fragile economic recovery remains uncertain. Justin Wolfers, professor of public policy and economics, talked to numerous media outlets about economic recovery, the jobs report, and...