Economic dynamism falls across the US

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Recent Research: Making the case for more economic dynamism

/   Jonathan Dworin, The State Science & Technology Institute

Dynamism is a broad term that refers to the scale and rate of an economy’s changes across a variety of measures. Since the 1990s, the United States has seen a pervasive decline in dynamism according to the Index of State Dynamism, a new report from the Economic Innovation Group (EIG). The study found the Great…

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Trump’s economic gamble

/   Ronald Brownstein, The Atlantic

Together these sectors account for over four times as many jobs as the manufacturing, mining, and construction industries Trump touts. Against these realities, Trump’s drive to boost those industries looks like the economic equivalent of his approach to cultural and demographic change: an attempt to restore an irretrievable earlier America. Compared to the overall economy,…

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The communities winning the war for skilled talent

/   Joshua Wright, Emsi

Decreased mobility is a key signal that dynamism is in retreat, to use the Economic Innovation Group’s description. Add to this the talent crunch that many regions with unemployment below 3% are already feeling and this means communities will have to be more creative to find and recruit the workers that businesses need to grow….

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Dr. Kevin Hassett testimony before U.S. Senate

/   Dr. Kevin Allen Hassett, U.S. Senate

A recent example of this would be my work with the Economic Innovation Group, where I explore the causes and cures of the striking geographic income inequality that we see today in America. EIG researchers have worked hard to identify and measure distress, and have constructed publicly available datasets that shed light on the communities…

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Where did 3.4 million jobs go?

/   Dave Gonigam, Agora Financial

“In the popular consciousness, startups have never been more celebrated or focused on,” says John Lettieri, founder of the Economic Innovation Group. No doubt. As we mentioned on Friday, Facebook has gone from a dorm-room project 13 years ago to the fifth-most-valuable public company in the world today. Uber, meanwhile, hasn’t gone public… but it’s…

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The US jobs market is much worse than the official data suggest: The full story

/   Tyler Durden, Zero Hedge

The US jobs market has been described as the backbone of the recovery – 80 months of continuous jobs growth with unemployment hitting 4.3% – the lowest since 2001. However the perceived strength in jobs creation is at odds with other economic indicators. … By: Tyler Durden, Zero Hedge Read the full article here.

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