Mike Konczal
@mtkonczal
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Senior Director Policy and Research, @economicsecproj. Former NEC. Liberal. #Rstats. #EconTwitter. Dad. Chicago guy.
DC/MD
Joined June 2009
I’m very excited to join @EconomicSecProj. In this chaotic moment, the essentials - fighting economic insecurity and corporate abuse, building social insurance and competitive markets - are more important than ever.
We’re proud to announce two new team members who previously served in the Biden-Harris Admin: Adriane Brown as Senior Communications Director and Mike Konczal (@mtkonczal) as Senior Director of Policy & Research. Seen first today in @Politico Playbook.
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RT @NatashaRSarin: We're glad that @SecScottBessent has spent time on our website, and we'd be thrilled to talk to him and his team about o….
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RT @PEWilliams_: The housing section is a must read—highlights the need for zoning reform that expands on City of Yes, and financing tools….
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RT @JWMason1: I have a new piece in Dissent, with some preliminary thoughts on what delivering on Zohran's agenda will look like in practic….
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This is original House bill, but the same effect. OBBB is the largest cut to health care in history, cutting Medicaid by 2x what Reagan did. Medicaid backstops everything from nursing homes to rural hospitals; uncharted territory for how much health care access people will lose.
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RT @JesseJenkins: The House is voting to pass the One Big "Beautiful" Bill right now. Here's six key takeaways on what passage means for U.….
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RT @BernieSanders: Republicans are celebrating the passage of the largest Medicaid cut in U.S. history to pay for the largest tax break for….
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RT @SenSanders: While Republicans celebrate the passage of the largest Medicaid cut in history, the Curtis Medical Center in Nebraska annou….
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RT @dylanmatt: Probably the worst law enacted in my lifetime. Cruel, fiscally disastrous, harmful to economic growth. Completely indefensi….
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RT @BBKogan: We still don’t even final estimates for:.-how many people lose health insurance.-how many people lose SNAP.-who wins/loses and….
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I'm not going to bother trying to explain this one, if you've read this far you probably get it, but notable pick-up in the U->E channel, one month but that's an encouraging data point. /6
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Here's those 250 industries broken into how cyclical they are (how their job gains negatively correlate with unemployment) and it's still basically the same pattern, bulk of job growth in past few years have been in categories that were also the bulk in 2019. /6
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The other bear case is that the diffusion index, the percent of 250 subindustries that gained jobs, is at 50%. That means only half of industries are adding jobs, a generally low number which happens going into slowdowns. This also points to the concentration of job gains. /5
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The bear case for the number is that half the jobs are government jobs, 85 percent including what the Trump administration calls "government adjacent" jobs in education and health. But still unclear if that's something worrisome or just what happens near full employment. /4
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People unemployed who left a job declined a lot in May, worrying some that low unemployment was being masked by people simply not looking for work (upper left). Don't over read one month but that bounced back too. Composition of unemployment remains steady over months. /3
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With an extra decimal, unemployment is at 4.12%, reversing a few months of climbing. A year ago, unemployment was at 4.08%. Unemployment has been steady in this range of 4% to 4.2% for a year now. /2
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Solid report, 147,000 jobs. After some negative revisions in prior months, leading some to worry initial headline was masking underlying weakness, last two months were revised up 15,000 too. Let's explore under the hood. /1
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RT @CongBoyle: House Republicans aren't here in the Capitol late at night because they want to help American families. They're not working….
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