Full Employment
Full employment is particularly important for low- and moderate-income families because it not only means more jobs but also leads employers to offer higher wages to attract and retain the workers they need. Yet full employment has been more the exception than the norm in recent decades. Policy Futures aims to establish full employment as a primary policy goal and to design and promote policies to reach it.
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Improving the Quality of Jobs Through Better Labor Standards
The dynamic of full employment does more than increase the quantity of jobs, it also tends to raise compensation and enhance job security and job quality. But what happens when labor markets...
Subsidized Jobs: Providing Paid Employment Opportunities When the Labor Market Fails
In the very tight labor market of the late 1990s, employment among some of the most disadvantaged individuals reached levels never seen before. For example, of working-age never-married mothers...
Worksharing and Long-Term Unemployment
The Great Recession was especially deep and especially long. The sustained departure of output from its trend path was accompanied by a large drop in employment, which stayed low relative to trend...
Fiscal Policy and Full Employment
At present and going forward, activist fiscal policy is likely to be essential for the American economy to operate near potential levels of output and employment. This conclusion is a substantial...
The Trade Deficit: The Biggest Obstacle to Full Employment
Since the collapse of the housing bubble in 2007, the unemployment rate has been far above almost everyone’s estimate of full employment. Economists and politicians have suggested a long list of...
The CBPP Full Employment Project: Overview
Introduction: What Is Full Employment and Why is It so Important?
This overview piece makes three simple points.
First, the absence of full employment labor markets, where the...
Strategies for Full Employment Through Reform of the Criminal Justice System
Ronald Lewis is a 36-year-old African American father of three, who is taking classes during the day and working nights to support his family.[1] But in his effort to find more gainful employment...
The Impact of Full Employment on African American Employment and Wages
By the end of 2014, the U.S. economy had experienced 58 consecutive months of job growth, and the unemployment rate had fallen to 5.6 percent from a high of 10 percent in October 2009. In fact,...
Labor Market Slack and Monetary Policy
Summary
A fundamental cornerstone of modern macroeconomics is that the economy has a balanced-growth path that is characterized by stable inflation as well as steady growth of production...
Monetary Policy for a High-Pressure Economy
The recovery from the recession of 2008-09 has been slow, but Federal Reserve policymakers believe it is nearing completion. According to the December Survey of Economic Projections from the Federal...
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