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3.3 Million Things Wrong with the House Unemployment Insurance Bill

December 14, 2011

We released an analysis today of what’s wrong with the unemployment insurance (UI) provisions of the bill that the House passed yesterday to extend the payroll tax cut and federal emergency UI through next year.  New numbers from the...

House Republican Unemployment Insurance Proposal Acts As If Economic Slump Is Over

December 9, 2011

House Republicans must think the job market is improving rapidly and that the Congressional Budget Office is way off base in projecting that the unemployment rate will average 8.7 percent in 2011 and 2012.  How else can one explain their proposal to slash federal emergency unemployment insurance (UI) benefits?

The House Republican proposal — part of their larger proposal...

Today's Jobs Report In Pictures

December 2, 2011

Today’s employment report shows continued moderate growth in private payroll employment but a further decline in government jobs.  As a result, the overall jobs deficit remains huge and jobs remain hard to find.

Below are some charts to show how the new figures look in historical context. Here is our ...

Arrow to the Heart of Inequality

December 1, 2011

Our series of posts this week describing trends in income inequality has prompted a natural question:  what has caused the sharp rise in inequality over the past three decades or so?

The causes are complex and not fully understood, but via...

Exploring Income Inequality, Part 1: Overview

November 28, 2011

To provide some historical context to the current public discussion of income inequality, we’re releasing a series of posts this week that examine trends in income inequality in recent decades and outline different data sources to examine the issue. The broad facts of income inequality over the past six decades are easy to summarize:

  • The years from the end of World War II into the
  • ...

Chad Stone Testifies on Why Tax Reform is Not an Effective Tool for Speeding Up the Economic Recovery

November 17, 2011

I testified before the Congressional Joint Economic Committee (JEC) at a hearing today examining how tax reform could help boost business investment and job creation.

Here are the highlights:

Today's Jobs Report in Pictures

November 4, 2011

Today’s jobs report shows that job growth was modest in October, and the labor market remains in a deep slump.

Below are some charts to show how the new figures look in historical context. Here is our statement with further analysis.

Economic Growth Picked Up in Third Quarter, but Remains Far Below What Is Needed

October 27, 2011

The economy expanded at a 2.5 percent annual rate in the third quarter of 2011, according to today’s preliminary report from the Commerce Department. That’s an improvement over the dismal pace in the first half of this year (see first chart), but growth will have to be much stronger to dig the economy out of the deep hole created by the Great Recession (see second chart) and bring unemployment down to acceptable levels.

Today’s Jobs Report in Pictures

October 7, 2011

Today’s jobs report shows that more than two years after the end of the recession, a strong jobs recovery remains elusive. With job creation still sluggish, unemployment still very high, and the proportion of the population with a job still severely depressed (see chart), policymakers should enact a serious jobs package posthaste.

How Would the President’s Jobs Proposal Affect the Economy?

September 9, 2011

My colleague Jared Bernstein has a good description of the jobs package that President Obama proposed last night. Here’s why measures like these are needed and what they can accomplish.