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The State of the Economy

July 24, 2013

With President Obama taking to the bully pulpit to discuss the economy, you might want to look at our chartbook, The Legacy of the Great Recession.  It illustrates the challenge we face.  The economy has grown for 15 straight quarters and private employers have added jobs for 40 straight months, yet employment levels remain...

The June 2013 Jobs Report in Pictures

July 8, 2013

Friday’s employment report showed that payroll employment grew by 195,000 jobs in June and the unemployment rate held steady at 7.6 percent.  The charts below provide historical context for the latest figures.  You can see more in our chartbook.


The Debt Ceiling: Scrap It or Adopt the Danes’ Great Approach

June 14, 2013

Debt-ceiling silly season has returned, my latest post for the US News & World Report Economic Intelligence blog...

Today's Jobs Report in Pictures

June 7, 2013

Today’s jobs report shows that employers continued to add jobs in May, but total employment (private and government combined) remains well below its level at the December 2007 start of the Great Recession. Job losses were far greater than in other recent recessions, and the pace of job recovery has been no faster than it was from the much milder 2001 recession — partly due to federal fiscal...

Fed Right to Be Focusing on Jobs

May 30, 2013

I wrote recently for the US News & World Report Economic Intelligence blog about Federal Reserve Chairman Ben Bernanke’s testimony before the...

SNAP Enrollment Is Still So High Because the Job Market Is Still So Bad

May 17, 2013

My latest post for U.S. News & World Report’s Economic Intelligence blog addresses conservative critics’...

After Reinhart-Rogoff, Reflections on the Relationship Between U.S. Debt and Economic Growth

May 6, 2013

In my two latest posts for the US News & World Report Economic Intelligence blog, I examined the relationship between U.S. government debt and economic growth since World War II, in light of all the attention focused recently on a highly influential...

Today's Jobs Report in Pictures

May 3, 2013

Today’s jobs report shows that labor markets still bear the scars of the Great Recession despite 38 straight months of private-sector job growth and a drop in the unemployment rate from 7.9 percent to 7.5 percent since January. Unemployment remains stubbornly high and many people who would likely have a job in a stronger economy are not even looking for work. Consequently, the share of the...

Today's Jobs Report in Pictures

April 5, 2013

Today’s jobs report, with disappointing job growth and a large drop in the labor force, shows that a robust jobs recovery remains elusive. That situation won’t likely improve in coming months as the sequestration budget cuts begin to slow the economic recovery and make it harder for the unemployed — especially the unprecedented numbers of long-term unemployed (see chart) — to find a job....