Good morning. Good morning. My name is Megan Van Hutton and i am the director of media and external communications here at the chamber. Welcome to our annual labor day press briefing. First, i have up here randy johnson, our Senior Vice President for labor and Employee Benefits and jd foster, our Senior Vice President for Economic Policy and chief economist. They will each speak for about 15 minutes, and then we will open it up for q a. And you can ask your questions then. So, without further a do, i will pass it over to jd foster. Mr. Foster thank you for coming. Its a pleasure to have you with this. Randy johnson. Ue fromor those suffering hurricane harvey, we wish them on behalf of the chamber all the safety and the swiftest possible recovery from what they are dealing with. The economy is in its ninth year of expansion, which is fairly hisble, as that makes it third longest in the modern era. By next spring, we will have tied for second, and curiously, despite the length of the rec
60 middle more than and High School Teachers here in washington, d. C. For the summer nations more about our government and how the process works. Also learning how they can use cspan Video Library in the classroom. Years fellows, kamps and sunshine cavalluzzi. With, how do you engage High School Students in government . Its a challenge because our discourse places so much emphasis on stem. They understand why that side but they dont always come in as to why the humanities is important. Challenge to start with relevance and to contextualize. We doing it for . What are our responsibilities to do it well and thats where library are e the incredibly important because we can see in realtime how these why s are playing out and they matter. I think the beginning cell is always something along the lines the only ight be government class you ever take. Youre going to be a voter forever. Forever so i ror need to give you tools that will help you for the rest of your pursuits. Hose and its helpf
Mr. Foster thank you for coming. Its a pleasure to have you with this. Also my colleague randy johnson. And for those suffering from hurricane harvey, we wish them on behalf of the chamber all the safety and the swiftest possible recovery from what they are dealing with. The economy is in its ninth year of expansion, which is fairly notable, as that makes it his third longest in the modern era. By next spring, we will have tied for second, and curiously, despite the length of the recovery and expansion, we seem to be heading into acceleration. Normally as the expansion goes along, the m the economy slows a bit. Instead, we may have an acceleration, and the reason for that is somewhat in this chart. If you look down the far left hand side, there is that little dip that corresponds to the. Corresponds to the period before the election. We have the 6 increase. They call that the trump bump. Whether President Trump really gets the credit for that is up to future historians, but there is no
I want to knowledge the people in houston and those suffering from hurricane harvey. I wish them on behalf of the chamber all the safety and swift as possible recovery from what they are dealing with. The economy is in its 9th year of expansion which is fairly notable. That makes of the third longest in the modern era. By next spring, we we will have tied for second. Curiously, despite the length of the recovery and expansion, we seem to be now possibly heading into aperiod of acceleration. Normally as the expansion goes along, the economy slows but we may have something of an acceleration. The reason for that is somewhat in this chart. If you look to the far left side of november, there is that little dip that corresponds to theperiod before the election and then we have the election and surprising many people, the market has taken off since then, so far a 16 increase, often called the trump bump. Whether President Trump gets the credit for this, historians will determine but that inc
I will pass it over to jd foster. Pleasure to have you with us today. Nice to be here with my colleague, randy. Before we begin i want to acknowledge the people in houston and those suffering from hurricane harvey. Wish them on behalf of the chamber the safety and swiftest possible recovery from what theyre dealing with. The economy is in its ninth year of expansion. Which is fairly notable. That makes it the third longest in modern era. By next spring we will have tied for second and curiously, despite the length of the recovery and expansion, we seem to be possibly heading into a period of acceleration. Normally as the expansion goes along, the economy slows a bit. Instead we may have something of an acceleration. The reason for that, is somewhat in this chart. If you look down on the far lefthand side of november, theres the little dip, that corresponds to the period right before the election. And we had the election and surprising many people, the stock market has taken off since t