This is an archive of an Obama Administration account and is maintained by the National Archives and Records Administration (NARA).
Washington, DC
Joined May 2016
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This account is an official account and may be used by the next CEA. Tweets after this are not from me. You can follow me @JayCShambaugh
It has been a great honor to work for @POTUS and work with this amazing team. After next week, I'll be private citizen @JayCShambaugh
U.S. has been adding jobs at a faster pace than the rest of the G7. More than half of all G7 jobs added since start of 2010 in the U.S. nitter.cf/ceachair/status/817385…
Jay Shambaugh (NARA) retweeted
Initial claims for unemployment insurance have been below 300,000 for 96 consecutive weeks, the longest streak since 1970.
Jay Shambaugh (NARA) retweeted
Longest streak of total job growth on record ✓
Fastest wage growth since the start of the recovery ✓
go.wh.gov/DwLXTv #JobsReport
Strong wage growth this month part of the fastest wage growth for a business cycle since the early 1970s. nitter.cf/ceachair/status/817385…
A Baker's dozen of points about the employment report. Lots of figures and data to go through. nitter.cf/ceachair/status/817384…
For the final jobs data of 2016 & Obama Administration, here are 13 key points on labor market progress since 2009: whitehouse.gov/blog/2017/01/…
USG, Blue Chip, CBO all put long run 10 year real yields < 2%. Last time discount rate was changed they were >3.
Lower long term interest rates (around the world, and in forecasts) suggest discount rate should likely come down.
Jay Shambaugh (NARA) retweeted
New @WhiteHouse report examines impact of AI-driven automation on economy & strategies to ensure widespread benefits whitehouse.gov/sites/whiteho…
Jay Shambaugh (NARA) retweeted
GDP up 3.5% in Q3 & GDI up 4.8%. CEA blog examines these data & broader macroeconomic progress over past 8 years: whitehouse.gov/blog/2016/12/…
Jay Shambaugh (NARA) retweeted
U.S. economy is now 11.6% larger than its pre-crisis peak in 2007 amid its strong recovery from the Great Recession
Jay Shambaugh (NARA) retweeted
Rising incomes, improvements in household balance sheets & high consumer confidence have supported strong consumer spending growth.
Jay Shambaugh (NARA) retweeted
Investment growth (and recent slowdown) is closely tied to changes in the rate of US & global GDP growth, as predicted by accelerator model.
Jay Shambaugh (NARA) retweeted
Trends in State & local govt differ sharply from prior recoveries & subtracted from growth. Total govt purchases remain below 2007 level.
All real GDP growth in current cycle attributable to private sector: gov spending down partly b/c state & local gov spending below 2007 peak
Thanks for the questions. Great to join you for the chat. Lots more in the ERP. Enjoy reading. #EconReport
Conditional on LFPR moving with demographics, about 80K. If LFPR does better than that (as in last year) would be higher. #EconReport nitter.cf/iamrondavison/status/8…
What is a good estimate for job growth per month that equates to no change in unemployment rate?
#EconReport
UR down to 4.6%. Strong Job growth. Uninsured under 9%. Safer fin system. Renewable energy booming. #EconReport nitter.cf/econciergegroup/status…
