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The Longest Expansion …and what it means for you June 22, 2018
Timothy A. Duy …. …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/
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Currently second longest expansion…
Timothy A. Duy …. …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/
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Many aspects of the jobs market normalized…
Timothy A. Duy …. …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/
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With all indicators saying the expansion has not ended yet…
Timothy A. Duy …. …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/
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And will continue for the foreseeable future…
Timothy A. Duy …. …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/
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And will continue for the foreseeable future…
Timothy A. Duy …. …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/
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Oregon is no exception…
Timothy A. Duy …. …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/
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? for the Fed: How low can unemployment go?
Timothy A. Duy …. …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/
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Interest rates are rising…
Timothy A. Duy …. …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/
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Very long leading indicator still good…
Timothy A. Duy …. …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/
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What’s keeping Fed from hiking faster?
Timothy A. Duy …. …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/
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What’s keeping Fed from hiking faster?
Timothy A. Duy …. …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/
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Challenge: Low unemployment
Low unemployment will help solve many problems! Timothy A. Duy …. …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/
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Can you hold on to your employees?
Timothy A. Duy …. …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/
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One solution: A bigger labor force.
Timothy A. Duy …. …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/
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Another solution: Relax hiring guidelines.
Timothy A. Duy …. …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/
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Challenge: Material and labor costs.
Timothy A. Duy …. …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/
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Solution: Invest for efficiency gains.
Timothy A. Duy …. …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/
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Challenge: Financial instability?
Timothy A. Duy …. …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/
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Household debt still falling relative to size of the economy.
Timothy A. Duy …. …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/
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No obvious overinvestment in any one sector.
Timothy A. Duy …. …. econforum.uoregon.edu @TimDuy …. economistsview.typepad.com/timduy/
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The end. Timothy A. Duy …. duy@uoregon.edu …. econforum.uoregon.edu
@TimDuy …. economistsview.typepad.com/timduy/
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