U.S. Economic News
December 18, 2019
U.S. News
Greg Ip reports for the Wall Street Journal that even in a prolonged economic expansion, U.S. job creation can only continue for so long before being constrained by a lack of people available to join the workforce. A limited number of working age people, falling fertility, stagnant immigration, and an aging population are putting downward pressure on the capacity for future job growth. WSJ
The Financial Times reports that the United States has indicated it is preparing to shift its focus to the trade confrontation with the European Union after enacting the U.S.-Mexico-Canada-Agreement and securing a phase one agreement with China. U.S. trade representative Robert Lighthizer stated that the focus will be on using tariffs to reduce the trade deficit with Europe. FT