Mike Konczal - Profile and Journalist Details
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Mike Konczal
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Senior Director, Policy and Research, Economic Security Project
Maryland, Washington, D.C.
Beats
sam's club arkansas, lowe's, home depotcostco, Footwear, Retail, Economy, showrooming, wal-mart, big-box, E-commerce, pricing nike, shoppers, Texas
There is nothing I’m not willing to cover, as long as it serves a public good.
Content
By Mike Konczal| Substack@ Were we in a secret labor market recession in 2024? Was the labor market experiencing a ‘private-sector recession’ as the Trump administration took over? No. But as the reality of Trump's disastrous trade war and the growing threat of an actual recession set in, we’ll hear more of this excuse from Trump officials. It’s wrong—and worse, the Trump team's current actions represent the most harmful response possible to any underlying economic slowdown.
By Mike Konczal| Substack@ Summary:As Trump’s tariffs hit the real economy, a reasonable estimate is that unemployment rises by 1 percentage point—possibly 2—meaning a loss of between 1.7 and 3.4 million jobs. The Fed will aim to protect inflation expectations—and there’s already evidence those expectations are starting to shift. The COVID supply shock was a one-time shift in the price level; tariffs at this magnitude could create a one-time shift in the inflation rate. It’s not just the stock market.
By Mike Konczal| Substack@ Were we in a secret labor market recession in 2024? Was the labor market experiencing a ‘private-sector recession’ as the Trump administration took over? No. But as the reality of Trump's disastrous trade war and the growing threat of an actual recession set in, we’ll hear more of this excuse from Trump officials. It’s wrong—and worse, the Trump team's current actions represent the most harmful response possible to any underlying economic slowdown.
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