Eric Basmajian
@epbresearch.bsky.social
A big societal tension is that we have a large "social safety net" and not much scope to increase it further, but a small portion is distributed based on income rather than age.
December 2, 2025 at 5:58 PM
A big societal tension is that we have a large "social safety net" and not much scope to increase it further, but a small portion is distributed based on income rather than age.
What is different this cycle is the length of time private jobs growth has held below 1% (25 straight months).
Unusual outside of recessionary periods.
Unusual outside of recessionary periods.
August 2, 2025 at 7:24 PM
What is different this cycle is the length of time private jobs growth has held below 1% (25 straight months).
Unusual outside of recessionary periods.
Unusual outside of recessionary periods.
This trend has interesting cycle dynamics.
Rate hikes more directly impact new construction rather than remodeling, which could explain the durability of residential building employment this cycle.
Rate hikes more directly impact new construction rather than remodeling, which could explain the durability of residential building employment this cycle.
July 15, 2025 at 1:23 PM
This trend has interesting cycle dynamics.
Rate hikes more directly impact new construction rather than remodeling, which could explain the durability of residential building employment this cycle.
Rate hikes more directly impact new construction rather than remodeling, which could explain the durability of residential building employment this cycle.