To close out 2023, Employ America will spend the month of December rallying support. If you’ve found our work useful or interesting, please consider making a donation! 1/3
Today for our Employ America December Support Drive™ I’d like to feature our Senior Counsel,
@ArnabDatta321
. Arnab started with us way back in 2019, our first “hire” outside of the founding team.
Here he is, laughing with all his friends, who are just out of frame.
1/6
Today for Employ America Fundraising Month™, I’d like to tell you all about our fearless leader, Executive Director Skanda Amarnath aka
@IrvingSwisher
. I couldn’t ask for a better boss, and I hope you’ll feel inspired to donate to keep us going: 1/4
Tune in at 3pm ET today to see Employ America's Executive Director Skanda Amarnath (
@irvingswisher
) testify to the Joint Economic Committee's hearing on The Boom in US Manufacturing Investment
Watch it live:
We're hiring! Come join the Employ America team this summer. Ideal for undergrads and recent graduates but open to all. If interested, please send cover letter + resume to jobs
@employamerica
.org.
Hi! This is Jillian Hernandez, Senior Research Counsel, tweeting. We spoke to 8 organizations who help formerly incarcerated and criminal justice-involved folks find work. Here’s what they had to say about the job market for their clients:
@IrvingSwisher
@sam_a_bell
Before joining EA in 2019 as Research Director, Skanda was a market economist & strategist at a hedge fund, bringing essential (and rare) markets expertise to our economic policy advocacy. He also previously worked at the Fed Bank of New York with EA Senior Economist
@PrestonMui
@IrvingSwisher
EA co-founder and board president
@sam_a_bell
met Skanda online years ago, and recognized something special. Sam was unrelenting, and eventually Skanda agreed to talk about the idea that would become Employ America. 2/4
@IrvingSwisher
@sam_a_bell
@PrestonMui
While helping Employ America go from brand-new org to a respected name in econ policy, Skanda also attended Columbia Law full-time, where he earned his JD in 2022. He is practically unbeatable in Geoguessr and leads the undefeated* EA Bar Trivia Team. We’re lucky to have him! 4/4
Employ America is looking for an experienced fundraiser to help us grow and sustain our organization as we help achieve a sustainably better macroeconomy for American workers.
Please apply, or share with anyone you think might be a great fit!
@PrestonMui
@petercoy
Outside of EA, the most Preston thing ever is this video of him rescuing a duckling from a sewer while wearing full-on cycling kit!🦆🚴 4/5
Former New York Fed President Bill Dudley agrees; we need to follow the data, and the data is telling us that a July cut should be on the table
via
@opinion
@ArnabDatta321
@IFP
Arnab is an essential member of the Employ America team, and we’re so lucky to be a place where his talents can be used to create better economic policy. Contribute to EA today to take Arnab’s work into 2024 and beyond! 6/6
Today for Fundraising Month, we’re highlighting perhaps our highest-profile impact - our work on the Strategic Petroleum Reserve, led by
@IrvingSwisher
and
@ArnabDatta321
, with data, analysis and research support from
@vebaccount
and
@ash_georgexx
1/7
Today for Employ America’s end-of-year support drive, meet Senior Economist Preston Mui (
@prestonmui
)! Preston joined us last May after finishing his Economics PhD at UC-Berkeley. He leads our Fed analysis, and labor market monitoring. 1/5
@IrvingSwisher
@vebaccount
@ash_georgexx
@PrestonMui
@ArnabDatta321
We know that asking for money can get annoying. So we’ll also share our favorite pieces, staff bios, cute gifs and other stuff along the way. Whether you donate today, or in response to our 78th ask later in December, we hope that something inspires you to support us 🥰 3/3
Has COVID-19 threatened your financial survival? Laid off/lost hours, no customers, cancelled fundraiser, etc?
Tell us about it and help us shape the national response.
@ArnabDatta321
But what has Arnab done for us lately? Well, he’s spearheaded Hot Rocks, this joint series with
@IFP
n the potential of industrial policy to build and commercialize geothermal tech.
5/6
@ArnabDatta321
Arnab has done some tremendous work developing anti-inflationary policy, like our proposal to use the Strategic Petroleum Reserve to mitigate oil-price-related inflation spikes. Check out our most recent SPR piece here: 2/6
@ArnabDatta321
Before joining Employ America, he’s previously worked as a kindergarten teacher, a speechwriter, and in the Senate. He also holds a law degree from George Washington University where he served as Articles Editor for the George Washington Law Review. 4/6
We are very excited to announce that Sudiksha Joshi and Becca Stein are joining us as Data Analysts for the summer.
Sudiksha is a current graduate student at Penn State University. Becca is a recent graduate from the Unviersity of Virginia.
Friday SPR thread: really exciting to see
@ENERGY
successfully acquire 2.7m barrels of crude for delivery in January, and announce a new solicitation for Feb for another 3m barrels. 1/
Meet our Policy Associate Ashley George,
@ash_georgexx
! Ashley joined in 2022, after serving as an
@ICMA
Fellow in State College PA (w/some time on the Hill previous). Her work focuses on policy research; esp housing, healthcare, & industrial policy 1/4
Our own
@PrestonMui
in
@barronsonline
on why some economic models insisted that higher unemployment was necessary to fight inflation - and why they were wrong
@ArnabDatta321
He’s also done work expanding our SPR approach to the commodities for the energy transition. Check out his most recent piece with Alex Turnbull here. 3/6
Tomorrow (Wednesday) 3:30pm ET, join us for a post-FOMC chat with
@Claudia_Sahm
@karlbykarlsmith
and
@sam_a_bell
LIVE on Youtube!
Be there (metaphorically) or be square (metaphorically)
Next-gen geothermal has a capital problem. In our fourth installment of Hot Rocks,
@ash_georgexx
and I show how policymakers can encourage capital investment for next-gen geothermal projects. 1/
@IrvingSwisher
@ArnabDatta321
@vebaccount
@ash_georgexx
It started when Russia invaded Ukraine. The Employ America team knew the war was bad news for price stability, so we made a plan: use the SPR to keep oil prices in check and prevent some of the broader inflation that can stem from oil price spikes: 2/7
The Fed seems "to be incredibly aggressive even as risk assets are at incredible highs. I wish that same aggressiveness was being felt in the policies they are putting on Main Street:” ex-Fed Governor Kevin Warsh
@ferrotv
@tomkeene
@alisterbull1
Thanks for joining us! If you missed it, you can catch the vid (as well as watch our past live streams) on our channel:
Don't forget to "smash" that subscribe button
Employ America is now accepting applications for a mid-level Development Manager to help us further build out our fundraising - check out our posting here for more info!
New from
@PrestonMui
and Employ America: How the Phillips curve misled inflation predictions and got the relationship between inflation and unemployment wrong
@IrvingSwisher
@ArnabDatta321
@vebaccount
@ash_georgexx
Skanda and Arnab put this not-so-simple problem in very plain language in that first SPR piece: “The response to the current crisis must be economically and politically viable in the short-term, while reducing our reliance on fossil fuels over the long-term.” 3/7
Our own
@ArnabDatta321
on ChinaTalk discussing how a Strategic Resilience Reserve can help establish and preserve supply lines for critical minerals, which will be essential in the green energy transition. Listen here!
Nothing has changed for me professionally (thankfully!), except getting some needed bandwidth back and a healthier work-life balance. Been a long, stressful, and intellectually rewarding three years. Countless to thank. Very happy and relieved to have made it to the other side.
Newest from
@ArnabDatta321
and
@ash_georgexx
on SPR moves the Administration has made (and could be making!)
This is possible because of support from people who find our work valuable. If you count yourself among them, consider donating today!
Dept of Energy is correctly responding to lower oil prices by acquiring oil for the Strategic Petroleum Reserve
Great to see, but still more can be done. New from
@ArnabDatta321
&
@ash_georgexx
:
DOE Can Buy More Oil: A Roadmap for Maximizing Acquisition
"The timing of the surge in manufacturing construction is the most compelling evidence that CHIPs and IRA are having a sizeable impact on the willingness of manufacturers to build and improve their facilities" -
@IrvingSwisher
Thrilled to get
@sam_a_bell
back on the show today to talk the big issues of 2021 facing the Fed, including who may be nominated for Fed chair and VC for supervisions, how to know when we are at full employment, the new framework details & more! (1/2)
@IrvingSwisher
@ArnabDatta321
@vebaccount
@ash_georgexx
Climate change is a major issue, and a key challenge for us in developing these policy proposals was to balance immediate needs - like predictable gas prices - with the long-term need to build green infrastructure and reduce oil production 4/7
We're hiring! Come join the Employ America team this summer. Ideal for undergrads and recent graduates but open to all. If interested, please send cover letter + resume to jobs
@employamerica
.org.
If you’re sick of hearing about job vacancies — sick of pretending that hiring only happens when people walk past a building with a “Help Wanted” sign in the window and their eyes bug out like Looney Toons — boy do we have a research report for you!
Unfortunately tomorrow's FOMC watch party is cancelled because so many members of our Fed community are out of town. Please shoot us a DM if you would like to be on our mailing list for future parties!
We're looking for someone to lead our new earned revenue projects at EA! The right person could have a background in fundraising, product/project management, marketing, or something else entirely. Please apply if you're interested!
EA’s
@ArnabDatta321
joined
@Tishaschuller
on the
#realdecarbonization
podcast to talk about the steps the federal government can take to boost oil production and provide energy price stability on the road to decarbonization.
Listen to the full episode:
Big new piece today from
@PrestonMui
and
@IrvingSwisher
- our playbook for achieving the soft landing. How do we stave off recession risks that threaten the our progress post-pandemic (both in fighting inflation and keeping labor markets tight?) 1/3
@ash_georgexx
@ICMA
@IFP
We’re excited for Ashley to bring her creative, pragmatic policy approach to examine how we can create more price stability in sectors like housing and healthcare - which are major contributors to inflation - in 2024. Support her work, donate today! 4/4
Here's Skanda with your Jobs Day rundown - this kind of real-time, data-driven analysis and forecasting are some of what we do best here at Employ America.
We're running a fundraising drive during the month of December - consider contributing if you can!
Not all of what I flagged panned out, but despite messy forces, not too much has changed:
1. Unemployment is not trending higher. Recession is still very avoidable.
2. Job gains are solid, but remain in a slowing trend
3. Cooling nominal wage growth, solid real wage growth
@IrvingSwisher
@ArnabDatta321
@vebaccount
@ash_georgexx
You can support our work across SPR, critical mineral supply chains, and all our other econ goodies by donating here. We appreciate your support, and look forward to even bigger things in 2024! 7/7
@PrestonMui
@petercoy
We’re so fortunate to have Preston’s expertise, analytical skills, and rigorous approach on our team (especially this week👀)
Donate to Employ America today to see what he has in store for 2024! 5/5
Hey
@AHESHowardU
we host a press conference watch party in DC every time the FOMC meets! If any Fed Watchers at Howard want on the invite list, just dm us your email, we'd love to see you there!
“While I think there are actually a lot of merits to having some broad-based policies that are supportive of all industries, there is also a certain quantum of investment that is needed in a lot of cases, especially in capital-intensive sectors.”
Are you a fierce advocate for full employment and a better economy for America? Do you want to be? Perhaps you should check out our open Policy Lead position and apply!
Today we provided an update on what our
#FloorGLI
framework prescribes for Fed policy.
We are rapidly approaching the labor mkt's 'level target' for recovering the jobs and wages this recession (a necessary cond'n for any tightening under our framework)