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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...

Three Reasons Congress Should Restart Emergency Jobless Benefits — Now

January 28, 2014

Update, April 8: We updated the chart to reflect the March jobs report.

President Obama tonight is expected to call again on Congress to restart emergency jobless benefits for long-term unemployed workers.  Here are three reasons why lawmakers need to step up their...

Illustrating Income Inequality: A Recap

January 21, 2014

Our blog series last week, Illustrating Income Inequality, showed in three animated graphs how most of the income growth in recent decades has occurred at the very top.

The first post...

Illustrating Income Inequality, Part 3: Top 1 Percent’s Share of Income Largest Since 1920s

January 17, 2014

In our second post, we showed how income gains since 1979 at the very top have far outpaced those for everyone else.  In this post, we’ll look at how the top 1 percent’s share of all income has changed over time.

The top 1 percent’s slice of the total...

Illustrating Income Inequality, Part 2: Top Earners Have Outpaced Rest Since 1979

January 16, 2014

In our first post in this series, we showed how after a period of shared prosperity in the early postwar decades, income disparities widened substantially beginning in the 1970s.  In this post, we’ll look at how incomes at the top have compared to the rest...

Illustrating Income Inequality, Part 1: Shared Prosperity Gives Way to Income Disparities

January 16, 2014

The economic fortunes of the wealthy and everyone else have diverged sharply in recent decades.  It wasn’t always this way; from the end of World War II into the 1970s, income growth was shared equally among all segments of the population.  But, as we’ll illustrate in three animated graphs, most of the income growth in recent decades has occurred at the very top.  Here’s the first:


Where Things Stand for the Unemployed

January 14, 2014

Table updated May 1

With December’s expiration of emergency federal jobless benefits, only regular state unemployment insurance (UI) benefits are available to qualifying workers who lose their jobs through no fault of their own.  As a result, the maximum number of weeks of benefits fell to 26 in...

Today's Jobs Report in Pictures

January 10, 2014

Today’s surprisingly disappointing jobs report should temper recent optimism of an improving labor market in 2014. The climb back to normal levels of employment remains steep. Most notably, the labor force shrank and the share of the population with a job remains near the low to which it plunged in the Great Recession, and long-term unemployment remains historically high. The most urgent...