Common Sense Institute Arizona to Welcome Katie Ratlief as New Executive Director

The Common Sense Institute (CSI) Arizona announced Tuesday that the Deputy Chief of Staff for Gov. Doug Ducey, Katie Ratlief, will join the organization as its new executive director come January 2023.

“I am proud to become the Executive Director for CSI Arizona. I believe CSI has the unique capabilities to position Arizona at the forefront of the 21st century economy by capitalizing on unprecedented growth and an ever-evolving business environment through sound, accurate econometric research. At CSI, I believe we have a responsibility to use our diverse professional expertise and unwavering commitment to serve Arizonans to propel policy debates forward in pursuit of more meaningful and impactful policies,” said Ratlief.

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Booming Jobs Report Masks Uptick in Men Leaving the Labor Force

Women’s employment increased markedly from June to July, but the total number of employed working-aged men actually dropped in that same time span according to a July jobs report released Friday.

There were 170,000 fewer employed men in July than June, whereas 349,000 more women were employed in July, according to Yahoo Finance. Women’s unemployment dipped to 3.1% in July from 3.3% in June while the same figure for men remained steady at 3.2% from June, the Bureau of Labor Statistics’ July 2022 Employment Situation report found.

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Commentary: The Unemployment Rate Does Not Offer Guidance Now

The Labor Department’s official unemployment rate—the most well-known gauge of the labor market’s health—counts as unemployed only those who aren’t working but are actively seeking a job.

Yet there is very little that we can infer from the jobless rate about the health of the economy.  The unavoidable conclusion is that the only reason investors follow the calculation is because both Washington’s politicians and the Federal Reserve are expected to react to it.

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