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Posts on Economy
September 6, 2016

As we’ve noted, expanding the Earned Income Tax Credit (EITC) for workers who aren’t raising children in the home would boost labor force participation, reduce poverty, and ensure that the benefits of economic growth are shared more broadly — especially if...

Man Working on Bicycle
July 8, 2016

We’ve updated our Great Recession chart book to reflect the June jobs data that the Bureau of Labor Statistics released today.  The new data show that private employers have added 14.8 million jobs to their payrolls in the 76 months since...

Monthly Change in Nonfarm Employment
May 18, 2016

The Administration’s new rule making millions of workers eligible for overtime pay is the President’s “most significant action on behalf of middle-class paychecks,” CBPP Senior Fellow Jared Bernstein...

May 10, 2016

“Fix Puerto Rico’s debt now, or taxpayers will bail Puerto Rico out later,” CBPP Senior Fellow Jared Bernstein warns Congress in a piece for the Washington Post.  Here’s the opening:

Dollar and Columns
April 20, 2016

Subsidized jobs need a substantial, dedicated federal funding stream to “better promote the development of programs to effectively help the sizeable share of the working-age population with serious or multiple barriers to employment,” a new...

April 15, 2016

A new report from Georgetown’s Center on Poverty and Inequality draws on 40 years of evidence from subsidized jobs programs to call for increased federal, state, and local investments in these strategies, describing them as “...

February 11, 2016

The President’s budget includes a very welcome suite of proposals to modernize assistance for workers who lose their jobs through no fault of their own.  The proposals recognize that today’s labor market is vastly different from the one for which...

Job Application in Blue
February 4, 2016

Those brave enough to predict think that tomorrow’s jobs report will show a net gain of 188,000 payroll jobs (compared with 292,000 in December) and an unchanged 5.0 percent unemployment rate.  Unless tomorrow’s numbers are substantially different from that, they shouldn’t change the prevailing narrative that labor market conditions continue to...

Job Seeking
January 7, 2016

Tomorrow’s December jobs report is the first since Federal Reserve policymakers lifted their target for short-term interest rates off zero.   That’s a very small step, and policymakers didn’t claim that the labor market was fully healed.  If they remain true to their word, the path of future rate hikes...

Total Unemployed Plus All Marginally Attached Workers Dec 15
December 8, 2015

In a letter to House and Senate Minority Leaders Nancy Pelosi and Harry Reid, CBPP Senior Fellow Jared Bernstein and New York University Law School Professor Lily Batchelder urge them to oppose efforts in ongoing budget negotiations to block a proposal designed to ensure that financial advisers always put their...