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Yellen's position is that it is premature to assume low short term unemployment at a time of high long tem unemployment will lead to increasing inflation. Krueger's research shows that this can happen. Yellen prefers to go by a range of indicators and look at the overall picture of evidence from economic trends including deflationary trends in Europe, low inflation and low wage pressures in the U.S. with slack in the economy.
Grouped Articles
Yellen’s Not on Team Krueger When it Comes to Inflation and the Unemployed
Wall Street Journal 04/16/2014
Yellen Says Job Weakness Forestalls Raising Rates
New York Times 04/16/2014
Hiring Is Strong and Jobless Rate Declines to 6.1%
New York Times 07/03/2014
WSJ's Hilsenrath: Fed Can Be Patient on Rate-Hike Debate After Data
Wall Street Journal 08/02/2014
Yellen Goes on Road to Investigate Health of the Jobs Market
New York Times 10/16/2014
Applebaum provides an depth look after many intervews with people close to to Janet Yellen. He points out the influence of the thinking on unemployment of Pofessor James Tobin of Yale on Yellen. A must read for people interested in insights into her thinking.
Grouped Articles
Yellenâs Path From Liberal Theorist to Fed Voice for Jobs
New York Times 10/09/2013
Yellen’s Not on Team Krueger When it Comes to Inflation and the Unemployed
Wall Street Journal 04/16/2014
Yellen Tells N.Y.U. Graduates to Expect Failure and Learn From It
New York Times 05/21/2014
Fed's Yellen Defends Low Rates
Wall Street Journal 07/03/2014
Activists to Fed: Premature Rate Hikes Would Hurt Poor
Wall Street Journal 08/23/2014
Recognizing Bubbles But Still Cautious About Deflating Them
New York Times 09/10/2014
Low rates of quitting jobs or "churn" in the labor force and the different recovery in the U.S. labor market in 2011-2013. A healthy quit rate promotes upward mobility according to economists Steve Davis and Janet Yellen.
Grouped Articles
Workers Shed Caution, in a Healthy Sign for Labor Market
Wall Street Journal 02/10/2014
Yellen’s Not on Team Krueger When it Comes to Inflation and the Unemployed
Wall Street Journal 04/16/2014
Yellen Goes on Road to Investigate Health of the Jobs Market
New York Times 10/16/2014
Sanders, Corbyn and the coming debate inside the Democratic Party - The Washington Post
Washington Post 09/13/2015
Wall Street Journal 02/08/2012
Piecing Together the Job-Picture Puzzle
Wall Street Journal 03/12/2012
The serious problem of the large proportion of long term unemployed in the total number of unemployed persons in the U.S., with the figure higher than 40% in 2012. More than any downturn in the postwar period the present situation presents the danger of increasing numers of permanently unemployed workers. Retraining become a big issue as some industries like autos are permanently downsized, and others like healthcare and renewable energy which are growing will require retraining.
Grouped Articles
Jamie Dimon’s harried JPMorgan Chase pushes campaign for worker training - The Washington Post
Washington Post 01/03/2014
New York Times 04/05/2012
It's Still Bad for the Long Term Unemployed
New York Times 04/04/2014
Yellen’s Not on Team Krueger When it Comes to Inflation and the Unemployed
Wall Street Journal 04/16/2014
Falling Unemployment Doesn't Rate for Fed
Wall Street Journal 07/05/2014
Elevated Level of Part-Time Employment: Post-Recession Norm?
Wall Street Journal 11/13/2014
The serious problem of the large number of long term unemployed persons in the U.S., very different from under any previous recession.
Grouped Articles
90 Million Americans Not Working
Wall Street Journal 10/23/2013
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
Wall Street Journal 04/05/2014
Hiring Rises, but Number of Jobless Stays High
New York Times 04/04/2014
The emotional toll on parents and children is mounting with depression, mental illess, and struggle for basic necessities is showing up for the unemployed millions in America. The serious problem of the long term unemployed in the U.S., very different from any previous recession.
Grouped Articles
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
It's Still Bad for the Long Term Unemployed
New York Times 04/04/2014
Yellen’s Not on Team Krueger When it Comes to Inflation and the Unemployed
Wall Street Journal 04/16/2014
Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
Poll Shows Mounting Toll of Joblessness on Nation
New York Times 12/15/2009
New York Times 12/23/2009
With 40% of the unemployed in the U.S. shown as long term unemployed, mismatch in skills and other structural problems with unemployment, the U.S. Federal Reserve policies of Fed chairman Bernanke are geared to addressing this problem.
Grouped Articles
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 07/11/2013
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
Economy May Be Getting Its Wings Clipped
Wall Street Journal 07/30/2013
Princeton economics Professor and colleague of Paul Krugman, is the new head of the Council of Economic Advisors in September 2011. He was Assistant Secretary of the Treasury under Treasury Secretary, Timothy Geithner.
Grouped Articles
Obama to Name Furman To Run Economic Council
Wall Street Journal 05/29/2013
Furman Is Expected to Lead Council of Economic Advisers
New York Times 05/28/2013
Charlie Rose Talks to Robert Reich
BusinessWeek 10/21/2010
Yellen’s Not on Team Krueger When it Comes to Inflation and the Unemployed
Wall Street Journal 04/16/2014
Washington Post 09/06/2011
Obama ratings sink to new lows as hope fades - The Washington Post
Washington Post 09/06/2011
As workers look for better paying jobs and career opportunities this increases upward mobility and also creates jobs for new graduates or other workers. This job churn slowed down after the the 2009 recession. Even though more workers are holding on to jobs for longer creating more job stability and the quit rate is lower than in earlier periods some job churn is healthy for a economy with a growing population.
Grouped Articles
Workers Shed Caution, in a Healthy Sign for Labor Market
Wall Street Journal 02/10/2014
Yellen’s Not on Team Krueger When it Comes to Inflation and the Unemployed
Wall Street Journal 04/16/2014
Fed's Yellen Hedges Her View on Rates
Wall Street Journal 07/16/2014
A part-timer boom, or blip? - The Washington Post
Washington Post 07/16/2014
Sanders, Corbyn and the coming debate inside the Democratic Party - The Washington Post
Washington Post 09/13/2015
Grouped Articles
Don’t Expect Job Data Alone to Persuade Fed on Rates
New York Times 01/23/2014
A Fed Policy Maker, Changing His Mind, Urges More Stimulus
New York Times 01/27/2014
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
Wall Street Journal 02/08/2014
Fed's Yellen Sets Course for Steady Bond-Buy Cuts
Wall Street Journal 02/12/2014
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.
Grouped Articles
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
Grouped Articles
New York Times 04/05/2012
It's Still Bad for the Long Term Unemployed
New York Times 04/04/2014
Yellen’s Not on Team Krueger When it Comes to Inflation and the Unemployed
Wall Street Journal 04/16/2014
Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
Elevated Level of Part-Time Employment: Post-Recession Norm?
Wall Street Journal 11/13/2014
When the Jobless Become the Unemployable
New York Times 12/02/2010
U.S. government statistics don't count long term unemployed who have stopped looking for work. Ed Luce of the Financial Times, says the figure is about 11% for the U.S. in Nov. 2011, when you include these people, which is the right number to look at. Also relevant are the underemployed, including this group brings the rate closer to 20%, reflecting the real situation in the U.S.
Grouped Articles
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
It's Still Bad for the Long Term Unemployed
New York Times 04/04/2014
Yellen’s Not on Team Krueger When it Comes to Inflation and the Unemployed
Wall Street Journal 04/16/2014
In Tepid Wage Growth, a Potent Sign of a Still-Fragile Economy
New York Times 05/05/2014
Hiring Is Strong and Jobless Rate Declines to 6.1%
New York Times 07/03/2014
Wonkbook: The real unemployment rate is 11 percent - The Washington Post
Washington Post 12/12/2011
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