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Bernanke Says Faster Growth Is Needed to Bolster Job Market

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With 40% of the unemployment shown as longterm unemployed, U.S. Federal Reserve policies are focussed on bringing down these levels, which pose a risk to the productive capacity in the U.S.

U.S. Federal Reserve Bank policy emerging from the September 2011 FOMC meeting

09/07/2011

The Fed's policy according to Neil Irwin of the Washington Post, is to move in the direction of reducing the composition of its bond portfolio rather than printing new money for new bond purchases. That policy of printing money for bond purchases came under criticism from Republican presidential candidates and there were three dissenters at the last FOMC meeting. Mindful of this the Fed is now considering a policy called a "switch," of buying more long term bonds and reducing the short term bonds in its portfolio. This would reduce long term interest rates. The impact on the housing market of past and current moves is limited by the fact that the mortgage markets are not functioning properly, as a large proportion of homeowners are under water (owe more than their house is worth). The Fed's effort come under its mandate to keep unemployment in check in addition to inflation.

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More Men in Prime Working Ages Don't Have Jobs

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Fed considers buying more long-term Treasury bonds to lower mortgage rates - The Washington Post

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Bernanke Takes On a Balancing Act

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Fed Shifts Bond Portfolio

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Parsing the Fed: How the Statement Changed

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The U.S. Federal Reserve's policy and actions in 2012-2016

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A Hawkish Signal Bernanke Didn't Send

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Once Again, the Fed Shies Away From the Exit Door

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Bernanke Plays Down Link Between Jobless Rate, Fed Moves

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In Surprise, Fed Decides to Maintain Pace of Stimulus

New York Times 09/18/2013

Why high unemployment in the U.S. is expected for 2010-2014

06/06/2009

Structural problems like a mismatch of skills between maufacturing and construction sectors worst hit since 2008 and growing sectors like healthcare is one problem. Geographic factors and difficulty selling homes in states like Michigan is another. The tighter credit from a return of banking sector losses from bad home equity loans that is expected in late 2010 will keep the recovery from taking hold keeping unemployment high. The economic uncertainty following repeated budget battles between political parties also affects business investment.

Grouped Articles

90 Million Americans Not Working

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Hiring Slowdown Blurs Growth View

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Confronting Old Problem May Require a New Deal

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More Men in Prime Working Ages Don't Have Jobs

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Not Enough Inflation

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Hiring Is Strong and Jobless Rate Declines to 6.1%

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The nature of unemployment in this U.S. downturn as men, young people and the less educated are the worst hit groups.

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In this US downturn men are hit harder than women with job losses in manufacturing and construction, the less educated hit hardest, and young people also hit hard.

Grouped Articles

Young and Isolated

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Wanted: Jobs for the New 'Lost' Generation

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Women Reach a Milestone in Job Market

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Andy Grove: How America Can Create Jobs

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Americans Sour on Trade

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More Men in Prime Working Ages Don't Have Jobs

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The job crisis for employment of men in the U.S.

03/14/2009

The participation rate in the job market for men between 16-64 is dropping over time. It was 85% in the 1950's and has dropped continually after each recession. It is now at 65%. More and more men simply drop out of the labor market after failing to find jobs, creating a disturbing trend for the country. This does not show up in improving unemployment statistics.

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Job Growth Eases Fears About Effect of Closing

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More Men in Prime Working Ages Don't Have Jobs

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Bayer: Pressure on Prices Has Bad Side Effects

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High unemployment in the U.S. coexists with a shortage in specialized fields- 2011-2012

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Shortage of engineers, software developers and other specialized workers in the U.S. in 2011-2012. With the drop in housing prices applicants for openings are reluctant to relocate. Workers with special skills are harder to find.

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Stuck at Unemployed: When A Layoff Becomes a Lifestyle

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Engineers in Short Supply as Some Sectors Try to Hire

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Piecing Together the Job-Picture Puzzle

Wall Street Journal 03/12/2012

Bernanke Says Faster Growth Is Needed to Bolster Job Market

New York Times 03/26/2012

Time Not on Side of the Jobless

Wall Street Journal 03/27/2012

Mortimer Zuckerman: Those Jobless Numbers Are Even Worse Than They Look

Wall Street Journal 09/07/2012


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