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Today’s Jobs Report in Pictures

October 3, 2014

Today’s generally solid report shows that job creation is back on an over-200,000-a-month track after slowing sharply in August.  Nevertheless, there appears to be substantial room for further expansion, allowing the Federal Reserve to keep interest rates low in pursuit of high employment without igniting unacceptable inflation.  Moreover, policymakers should not be concerned about inflation...

Today’s Jobs Report in Pictures

September 5, 2014

Today’s disappointing jobs report, while perhaps only a temporary blip in an ongoing labor market recovery, is nevertheless a sober reminder of how devastating the Great Recession and subsequent prolonged jobs slump has been for American workers.  In particular, the share of the population with a job, which plunged to low levels not seen since the early 1980s, has since risen only modestly...

Today’s Jobs Report in Pictures

August 1, 2014

Today’s solid jobs report shows a labor market that is moving in the right direction but still has a ways to go before everyone who would like to be working has a reasonable chance of finding a suitable job.  In particular, Congress dealt the long-term unemployed a harsh blow when it allowed federal emergency jobless benefits to expire prematurely at the end of last year.  Seven months later,...

Today’s Jobs Report in Pictures

July 3, 2014

Today's jobs report contains encouraging signs that the labor market is healing but also reminders that it remains far from fully healed.  Payroll employment jumped by 288,000 in June and the unemployment rate fell to 6.1 percent.  While employment increased sharply and unemployment fell, there was little net growth in the labor force, leaving the percentage of people with a job well below...

Emergency Jobless Benefits Cut-Off Has Hit Nearly 300,000 Veterans

June 24, 2014

The number of jobless veterans who’ve lost access to federal jobless benefits since Congress allowed Emergency Unemployment Compensation (EUC) to expire at the end of last year — which we estimated at the end of February was close to 200,000 and counting — will reach an...

Today's Jobs Report in Pictures

June 6, 2014

Today’s jobs report shows that more than six years after the onset of the Great Recession and the worst jobs slump since the 1930s, payroll employment has finally topped its level at the start of the recession.  Still, with essentially no net job growth since December 2007 but continued growth in the working-age population, there are many more people now who want to be working but don’t have a...

Need to Protect Low-Income Households Up in the Air Under EPA Climate Regulation

June 3, 2014

In my latest post for US News & World Report, I previewed the Obama Administration’s proposal to reduce...

Cash and Thermostat

House Fiscal Double Standard in Action

May 6, 2014

The House will vote this week to add $156 billion to budget deficits over the period 2014-2024 by expanding and making permanent the lapsed corporate tax credit for research and experimentation (R&E) without offsetting the cost.  Meanwhile, House Speaker John Boehner continues to oppose legislation to...

Today’s Jobs Report in Pictures

May 2, 2014

Today’s mixed jobs report shows a big jump in payroll employment but a sharp fall in labor force participation.  The labor market is clearly much stronger than in the depths of the Great Recession but still far from the “maximum employment” goal that Congress has mandated the Federal Reserve to pursue.  Long-term unemployment remains a particular concern, highlighting why Congress must restore...

New York Times Is Right: “No Spring Break for the Unemployed”

April 18, 2014

“As members of Congress enjoy their extended spring break, 2.3 million unemployed Americans have been left to worry about whether lawmakers will ever get around to renewing federal unemployment benefits, which expired at the end of 2013,” today’s New York Times editorial points out.  And the...

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