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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....

Yes, the Ryan Budget Is Contractionary

March 14, 2013

If enacted, House Budget Committee Chairman Paul Ryan’s budget would slow the economic recovery.  Chairman Ryan selectively uses Congressional Budget Office (CBO) analysis to argue that his budget offers long-term economic benefits, while dismissing CBO’s finding — in the very...

Seven Other Important Numbers from Today’s Jobs Report

March 8, 2013

Media coverage of the February jobs report has focused on two numbers:  236,000 (the increase in private and government payrolls) and 7.7 percent (the unemployment rate).  Below are some other numbers from the report that paint a more complicated picture of unemployment, as my...

Today's Jobs Report in Pictures

March 8, 2013

Today’s jobs report shows an encouraging increase in payroll employment of 236,000 jobs in February, but a more complicated picture of unemployment. The unemployment rate edged down to 7.7 percent but the overall labor force shrank by 130,000 people, lowering the labor force participation rate and leaving the share of the population with a job unchanged. Long-term unemployment, which remains...

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