Ep. 114: Facts and falsehoods about the US labor market — Political Economy Podcast with James Pethokoukis

For several years now, we have heard economic commentators proclaim the United States had reached “full employment.” And yet the economy just kept adding jobs and the unemployment rate kept falling. One economist who has consistently opposed that prognosis is Adam Ozimek, and it appears he’s been vindicated. So I invited him on the show to talk unemployment, wage growth, and all things economic policy. We also cover the jobs guarantee proposal, inflation, and Dr. Ozimek’s one out-of-the-box idea to boost US economic growth. Adam Ozimek is an economist at Moody’s analytics, where he covers labor markets and other aspects of the US economy, and he blogs at Forbes under the name Modeled Behavior. You can download the episode by clicking the link above, and don’t forget to subscribe to my podcast on iTunes or Stitcher. Tell your friends, leave a review. You can also check out the transcript of this podcast here.