Reports by Chad Stone
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Results by year: 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007
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Statement by Chad Stone, Chief Economist, on the May Employment Report
June 7, 2013
Today’s jobs report shows that employers continued to add jobs in May, but total employment (private and government combined) remains well below its level at the December 2007 start of the Great Recession (see chart). Job losses were far greater than in other recent recessions, and the … -
Statement by Chad Stone, Chief Economist, on the April Employment Report
May 3, 2013
Today’s jobs report shows that labor markets still bear the scars of the Great Recession despite 38 straight months of private-sector job growth and a drop in the unemployment rate from 7.9 percent to 7.5 percent since January. Unemployment remains stubbornly high and many people who would likely have a … -
Statement by Chad Stone, Chief Economist, on the March Employment Report
April 5, 2013
Today’s jobs report, with disappointing job growth and a large drop in the labor force, shows that a robust jobs recovery remains elusive. That situation won’t likely improve in coming months as the sequestration budget cuts begin to slow the economic recovery and make it harder … -
Testimony of Chad Stone, Chief Economist, on Unintended Consequences: Is Government Effectively Addressing the Unemployment Crisis?
February 14, 2013
Mr. Chairman and members of the subcommittee, thank you for the opportunity to testify on this important topic. The first half of my testimony focuses on the macroeconomic roots of our current jobs crisis and the second part focuses specifically on unemployment insurance. There is no doubt that the United States continues to suffer a … -
Introduction to Unemployment Insurance
Updated February 6, 2013
The federal-state unemployment insurance system (UI) helps many people who have lost their jobs by temporarily replacing part of their wages while they look for work. Created in 1935, it is a form of social insurance, with contributions being paid into the system on behalf of working people so that they have income support if they lose … -
Statement by Chad Stone, Chief Economist, on the January Employment Report
February 1, 2013
Employers continued to add jobs in January (see chart), but the economy must grow faster to bring unemployment down more quickly. Instead, the recovery apparently has hit a soft patch, and both growth and job creation could slow further if policymakers let the automatic across-the-board … -
Separating the Debt Limit From the Deficit Problem
January 23, 2013
Some lawmakers speak of refusing to raise the debt limit and thereby risking default on obligations of the U.S. Treasury unless Congress and the President agree to harsh spending cuts, or of raising the debt limit for only a few months at a time and thereby fostering ongoing uncertainty. To be sure, the nation’s long-term fiscal … -
Statement by Chad Stone, Chief Economist, on the December Employment Report
January 4, 2013
The economy added private sector jobs for the 34th straight month in December, but a robust recovery remains elusive, long-term unemployment remains very high (see chart), and threats to the economy from misguided policies in Washington remain significant. Policymakers appropriately renewed …
