On Friday, the jobless rate dropped to 5.5%, the lowest in seven years. But youth unemployment is rising – and some young people need all the help they can get
Continue reading US unemployment at lowest since 2008 – but young people still can’t find work
I’m a bit behind on curating Jared Bernstein’s posts. I am merging three separate, but related, posts from the past week into one long blog. Continue reading Jared Bernstein analyses: #jobs, #pay, inflation, and the #TPP
First, the Huffington Post’s assessment:
Continue reading Where jobs, wages and the economy really are
When we think of economic downturns, we generally think of them as flat up or down. We are all familiar with terms like recession. That is what we are now very slowly getting out of. We know, from our parents and grandparents, what the utter devastation of a depression is. We know, from our most recent experience, the Great Recession, what that feels like. Some months back, a term was added to the economic conversation: secular stagnation. Though the concept isn’t a new one, it has recently been reintroduced. Continue reading Defining Secular Stagnation | Economics
When people think of James Baldwin, they think of Go Tell It On The Mountain, The Fire Next Time, or Giovanni’s Room.
They might think of his articles for The New Yorker. They wouldn’t readily think of him as a documentarian. He was that too! Continue reading Take this Hammer: James Baldwin in Oakland, 1963
It is a common mistake to overestimate the contribution of immigration to the increase in poverty. Today’s purveyor of this erroneous association is the WaPo’s Robert Samuelson, who writes in the context of a discussion about immigration reform:
A new poll has some disturbing news for Democrats: the country defers to Republicans rather than Democrats when it comes to the economy. Continue reading Poll: Public Has ‘Pulled Back’ From Dems On The Economy
When she lost her job, Lisa Casino-Schuetz fell into a depression. Then she felt the deepest fear she had ever experienced. Continue reading Over 50 and once successful, jobless Americans seek support groups to help where Congress has failed | Money | The Guardian
By Jared Bernstein
October 7, 2014
I’ve been looking for an excuse to scratch out a few lines about the connections between full employment, the trade deficit, and dollar policy—connections that understandably don’t jump out at everyone—and I’ve found a particularly good one.
Ever since the JOLTS (Job Openings and Labor Turnover Survey) came into existence, labor market analysts have looked at the ratio of unemployed to job openings. In fact, the BLS publishes that very metric monthly (see chart 1 here). My old EPI colleague Jeff Wenger used to call it the “musical chairs” number, as when it goes up (high levels of job seekers per job), you can envision a bunch of folks trying to get the one seat/job when the music stops.
Continue reading Fixing the Downward Bias in the #Unemployment Rate | Jared Bernstein
