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Posts on Economy
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...

December 3, 2015

All signs point to the Federal Reserve taking its first baby step to raise interest rates later this month, irrespective of what’s in tomorrow’s jobs report.  But the jobs report will continue to bear watching as a critical determinant of the Fed’s pace of future rate changes.


November Labor Market Slack
November 19, 2015

November 20, 2015: We’ve updated this post.

The Supreme Court is considering a case that could have implications for income inequality, which has grown across the country and in individual states since the 1970s, as we’ve documented here...

Gavel at Court
November 5, 2015

No one knows how tomorrow’s October jobs report will affect Federal Reserve policymakers’ views about whether to start raising interest rates in December.  But here are some things to consider in assessing whether the job market is making the “continued progress toward maximum employment” that the Fed wants to see.

In Focus: Employment - Population Ratio