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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...

Raising the Minimum Wage Is Good Economic Policy

March 1, 2013

My latest US News & World Report blog post discusses the economic impact of President Obama’s proposal to raise the minimum wage.  It starts by highlighting that a majority of the panel of about 40 economic experts ...

Austerity Still Bites

February 12, 2013

The American Taxpayer Relief Act (the “fiscal cliff” deal of early January) dialed back the fiscal restraint that was scheduled to take effect — enough, in fact, that the Congressional Budget Office (CBO) baseline economic forecast no longer shows the economy contracting in 2013.  Nevertheless,...

Today's Jobs Report in Pictures

February 1, 2013

Employers continued to add jobs in January, but the economy must grow faster to bring unemployment down more quickly -- and scheduled across-the-board budget cuts would only make that harder.

Below are some charts to show how the new figures look in historical context. See my full statement with further...

Today's Jobs Report in Pictures

January 4, 2013

The economy added private sector jobs for the 34th straight month in December, but a robust recovery remains elusive, long-term unemployment remains very high, and threats to the economy from misguided policies in Washington remain significant.

Below are some charts to show how the new figures look in historical context. Read my...

The Real Danger to the Economy

December 14, 2012

My latest post for U.S. News explains why the real danger to the economy isn’t the so-called “fiscal cliff” but rather the Republican threat — as outlined most recently in...

Why We Should Renew Federal Emergency Unemployment Insurance, Part 2

December 7, 2012

Part 1 of this post discussed the adverse consequences for the long-term unemployed and the economy if lawmakers let emergency federal unemployment insurance (UI) expire at the end of the month.  As explained below, it would also be unprecedented to let the program expire when the...

Today's Jobs Report in Pictures

December 7, 2012

Beyond the surprising news that Hurricane Sandy had little effect on overall job creation and unemployment, today’s report paints a familiar picture of moderate job creation and stubbornly high unemployment.  Though unemployment fell, that’s because the labor force shrank, not because employment opportunities expanded.

Below are some charts to show how the new figures...

Why We Should Renew Federal Emergency Unemployment Insurance, Part 1

December 5, 2012

My latest US News & World Report blog post urges policymakers to address the scheduled expiration of federal emergency unemployment insurance at the end of this year:

Policymakers must not let emergency...

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