Job growth in 2023 points to a soft landing.
The Roosevelt Rundown features our top stories of the week.
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** Jobs Report Shows a Steadily Growing Economy
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(Photo by Mike Konczal/X, formerly Twitter)
To close out 2023, the economy added 216,000 new jobs ([link removed]) in December, exceeding the expectations of economists and finishing off a strong year for the economy.
The year’s steady job growth has continued despite high interest rates implemented by the Federal Reserve in an attempt to combat inflation (that is largely supply-driven ([link removed]) ).
Although unemployment increased slightly over the course of 2023, it has now remained below 4 percent for nearly two full years ([link removed]) —with December’s unemployment rate sitting at 3.7 percent.
In an otherwise stable jobs report, December saw a slight decrease in labor force participation. Read more ([link removed]) on the details of this month’s data from the Roosevelt Institute’s director of macroeconomic analysis, Mike Konczal.
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** What We're Reading
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Time for a Victory Lap? ([link removed]) — by Roosevelt Chief Economist Joseph Stiglitz — The American Prospect
What Do Tangible Reparations for Black Americans Look Like? ([link removed]) [podcast][link removed] — feat. Roosevelt Senior Fellow William Darity, Jr. — Texas Public Radio
The NRA Has Put Another Disastrous Financial Case in Front of the Supreme Court ([link removed]) — by Roosevelt Fellow Todd Phillips — Slate
What Biden Needs to Do in the Next 12 Months to Save the Climate ([link removed]) — by Roosevelt Fellow Kate Aronoff — The New Republic
American Democracy Is Cracking. These Ideas Could Help Repair It ([link removed]) — Washington Post
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