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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...

Ryan Budget a Path to Adversity for Millions — and Maybe for the Economy Too

April 9, 2014

In my latest US News & World Report post, I reprise CBPP analysis showing that House Budget Committee Chairman Paul Ryan’s “Path to Prosperity” budget is, in fact, as CBPP President Robert Greenstein...

Today's Jobs Report in Pictures

April 4, 2014

Today’s solid jobs report shows a labor market that continues to improve gradually, but that remains far from healed. With the share of the population with a job stuck at recession levels and long-term unemployment still very high, it’s too soon for the Federal Reserve to begin raising interest rates — and it’s well past time for lawmakers to restore emergency federal unemployment insurance...

Mapping the Impact of the Senate Deal on Jobless Benefits

March 18, 2014

A top priority when Congress returns to work next week should be for the Senate to pass the bipartisan deal worked out last week to restore...

Time to Get on Board Senate’s Unemployment Insurance Deal

March 14, 2014

My latest post for U.S. News & World Report’s Economic Intelligence blog explains why policymakers should quickly enact the...

Today’s Jobs Report in Pictures

March 7, 2014

Today’s jobs report marks the fourth anniversary of the start of the private-sector jobs recovery. Unfortunately, overall job creation (private plus government jobs) over that period has averaged just 168,000 a month — well below the 200,000 to 300,000 jobs a month that a robust jobs recovery would generate. As a result, payroll employment has not yet topped its December 2007 pre-recession...

What CBO Really Said About Health Reform and Work

February 7, 2014

My latest post for U.S. News & World Report’s Economic Intelligence blog explains what this week’s oft-cited Congressional Budget Office (CBO)...

Today's Jobs Report in Pictures

February 7, 2014

Today’s jobs report offers mixed views of the job market, with employers reporting only modest additions to their payrolls but households reporting large employment gains. The usually more reliable payroll survey portrays a labor market that is healing only slowly from the Great Recession and subsequent protracted jobs slump. Time will tell if the more volatile household employment numbers...

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