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Job Growth Eases Fears About Effect of Closing
Keywords:
Tags: Current Focus, United States,
The U.S. Labor Department reports 204,000 nonfarm jobs were created in October 2013. Upward revisions of prior months lead to a level of about 202,000 jobs created in the three months July to October 2013. The unemployment rate goes up from 7.2% to 7.3% in the household survey, with furloughed government employees counted after the temporary government shutdown. The negative part of the picture is that 720,000 persons dropped out of the labor force, a high and puzzling number, and the labor participation rate drops to a 35 year low of 62.8%. This has been a problem since the 2008 crisis as more discouraged workers drop out of the work force, go to school or stay home and care for children, and increasing numbers retire. Some economists now see the Fed waiting till the unemployment rate drops to 6% before withdrawing from the bond buying program in place of the earlier announced 6.5%.
U.S. Labor Department jobs reports for 2013
10/22/2013
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Weak Job Data May Weigh on Fedâs Decision on Stimulus
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90 Million Americans Not Working
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Job Growth Eases Fears About Effect of Closing
New York Times 11/08/2013
Hiring Slowdown Blurs Growth View
Wall Street Journal 01/20/2014
Declining U.S. Labor Force Participation Rate for 2010-2016 and its implications for unemployment and economic growth
06/06/2009
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Job Growth Eases Fears About Effect of Closing
New York Times 11/08/2013
Candid Criticism for Fed That Wasnât on the Agenda
New York Times 11/08/2013
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
New York Times 04/05/2012
Takeaways From the Monthly Jobs Report
Wall Street Journal 04/05/2014
Unemployment in the U.S., third quarter 2013
08/12/2013
Grouped Articles
Wall Street Journal 08/12/2013
Jobless Rate Up in Most States
Wall Street Journal 08/20/2013
Weak Job Data May Weigh on Fedâs Decision on Stimulus
New York Times 10/22/2013
90 Million Americans Not Working
Wall Street Journal 10/23/2013
Job Growth Eases Fears About Effect of Closing
New York Times 11/08/2013
U.S. civilian labor force participation rate for ages 60 years and over reaches 30% in 2012
05/05/2012
29.4% of the people over 60 years were in the civilian labor force in 2012, up from 22% in 2002, according to the Labor Dept. This reflects the blow to savings from the economic crisis of 2008.
Grouped Articles
Job Growth Eases Fears About Effect of Closing
New York Times 11/08/2013
The incredible shrinking labor force - The Washington Post
Washington Post 05/05/2012
Takeaways From the Monthly Jobs Report
Wall Street Journal 04/05/2014
Wall Street Journal 05/05/2014
Wall Street Journal 08/12/2014
Labor-Market Dropouts Stay on the Sidelines
Wall Street Journal 12/29/2014
U.S. Federal Reserve's 6.5% unemployment target with 2% inflation announced by Bernanke in Dec. 2012
01/27/2009
The U.S. Fed's chairman Bernanke says the Fed will keep rates low till unemployment reaches 6.5% citing "the tremendous waste in human potential" of high unemplyment rates. As long as inflation remains subdued at 2% the Fed will continue its current policy of low rates. In 2013 the Fed will continue bond buying at the rate of $85 billion a month. If unemployment drops to 6.5%, but this is because more people are dropping out of the labor market the Fed will take this into account, says Bernanke. The Fed will also keep an eye out for asset bubbles in the economy.
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Stimulus and the Depression: The Untold Story
Wall Street Journal 09/26/2011
Fed Officials Try to Set the Market at Ease
Wall Street Journal 06/24/2013
Wall Street Journal 07/05/2013
Wall Street Journal 07/11/2013
FX HORIZONS: The Fed’s Risky Codependency with Markets
Wall Street Journal 07/11/2013
Bernanke Plays Down Link Between Jobless Rate, Fed Moves
Wall Street Journal 07/18/2013
Fragility of social cohesion in the U.S. with unemployment concentrated in the lower middle and working classes.
03/11/2009
Figures from the Center of Labor Market Studies of Northeastern University in Boston showing unemployment of 9% in the $40,000 to $50,000 annual household income group and going up to 31% at the lowest income group. Higher inequality as differences in education between lower income and higher income Americans grows. The problem of the long term unemployed is a serious one.
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Wall Street Journal 09/14/2011
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
New York Times 06/22/2013
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
Wall Street Journal 07/22/2013
The Great Stagnation in American Education
New York Times 09/07/2013
Unemployment in the U.S. fourth quarter 2013
11/08/2013
Grouped Articles
Job Growth Eases Fears About Effect of Closing
New York Times 11/08/2013
Blurry Jobs Report Won't Let Fed Focus on Taper
Wall Street Journal 11/09/2013
Women Reach a Milestone in Job Market
Wall Street Journal 11/18/2013
Employers Gain Confidence to Hire
Wall Street Journal 12/07/2013
Hiring Slowdown Blurs Growth View
Wall Street Journal 01/20/2014
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
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.
Grouped Articles
Job Growth Eases Fears About Effect of Closing
New York Times 11/08/2013
Candid Criticism for Fed That Wasnât on the Agenda
New York Times 11/08/2013
Women Reach a Milestone in Job Market
Wall Street Journal 11/18/2013
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
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