Everyone involved in the health care debate is waiting expectantly to see the Congressional Budget Office’s analysis of the newly-revised Baucus health bill. That estimate may arrive on Wednesday, which could allow a vote in the Senate Finance Committee as early as Thursday (but quite possibly later). In preparation for that release, I have one [...]
Archive for October, 2009
How Much Do The Health Bills Cost?
Posted in Budget, Health, Politics, tagged Baucus, Budget, CBO, Health on October 6, 2009 | 3 Comments »
8 Million Jobs Lost
Posted in Data, Economy, Macroeconomics, tagged Data, Economy, jobs, unemployment on October 4, 2009 | 2 Comments »
Kudos to Floyd Norris over at the New York Times for characterizing total job losses to date as 8 million jobs, not “just” 7.2 million. As I discussed on Friday, the Bureau of Labor Statistics estimates that the number of jobs in March 2009 was 824,000 lower than it previously thought. But BLS won’t include [...]
The Changing Distribution of Worker Earnings
Posted in Data, Economy, tagged CBO, Earnings, Income, Wages on October 4, 2009 | 4 Comments »
On Friday, the Congressional Budget Office released a new study examining how worker earnings changed from 1979 through 2007. The report is full of important facts about the evolution of earnings throughout the earnings distribution and, in particular, among the highest earners. For example, the following chart illustrates how the earnings of men and women [...]
1.1 Million More Jobs Lost
Posted in Data, Economy, Macroeconomics, tagged Data, Economy, jobs, unemployment on October 2, 2009 | 3 Comments »
Today’s jobs report was weak across the board: September payrolls fell by 263,000, the unemployment rate rose to 9.8%, the underemployment rate (U-6) rose to 17.0%, and average weekly hours fell to 33.0, tying the record low set in June. The Bureau of Labor Statistics also reported that payrolls declined by 13,000 more in July [...]
Andrew Samwick’s Good Point About Health Insurance
Posted in Budget, Health, Uncategorized, tagged Budget, Health on October 1, 2009 | 8 Comments »
In a recent post over at Capital Gains and Games, Andrew Samwick makes an important point about the debate over health insurance reform. As Andrew notes, many proponents of a public plan (aka public option aka government-run plan) blame the quest for profits for the ills they see in the private health insurance market. This is [...]
Happy New Year … and Good Riddance to the Old One
Posted in Budget, tagged Budget, Deficit on October 1, 2009 | 4 Comments »
Today marks the beginning of the new fiscal year, so budgeteers are all greeting each other with a cheery “happy new year.” I think I speak for everyone when I say good riddance to fiscal 2009. Let’s hope that we never again see deficits of more than 10% of GDP. I am still guessing that [...]
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