Measurements

• 1976 Growth Act

– Employment

– Inflation

Employment

• Recovery?

Job Creation

• Unimpressive…

Jobs Gap

• Missing 8M…

Participation

• 30 year low…

Missing

• Where are they?

Missing

• Where are they?

Missing

• Not In Retirement

U6 Rate

• 9.2%...

Recovery

• Need faster growth…

Nominal Wage

• Below target…

Labor Productivity

• Flat…

Measurements

• Growth

– Employment: C+

• Missing workers

• Low wage gains

– Inflation

Inflation

• Disinflationary

Inflation

• Core Stable

Debt

• Record Levels

Debt Level

• Increasing

Negative Rates

• Unchartered

Measurements

• Growth

– Employment: C+

• Missing workers

• Low wage gains

– Inflation: C-

• Disinflation

• Low wage gains

Growth

• Okay but…

Real Growth

• Not catching up…

Growth Rate

• Slowed…

Personal Expenditure

• What’s going on…

Wage Gains

• Stagnant

Measurements

• Growth – C+

– Employment

– Inflation