World News Insights
1-3 Minute Gist

All Topics Article

Positive Jobs Report Shows Economic Fault Lines

Wall Street Journal Original article ›

Keywords:

LyrArc Article Gist
Hilsenrath goes over some of the troubling signs behind the postive job numbers for April 2014. Part time workers looking for full time work actually increased in April 2014 to 7.5 million. More individuals in prime working years of 25-54 dropped out of the work force discouraged and stopped looking for work, with the percentage for this group who are working dropping to 80.8% in April 2014. Wage growth and worker productivity was stagnant. Donald Kohn, a former vice chairman of the Fed, joins other economists who are puzzled by the lack of wage growth and the large number of long term unemployed behind the positive job numbers of 288,000 for April 2014.

Blanchflower and Posen call for the U.S. Federal Reserve to use wage growth as the best indicator of unemployment, after the misleading 288,000 jobs report of April 2014

06/06/2009

A renewed focus on the partcipation rate as the unemployment rate declines to 6.3% in April 2014. As this only counts people looking for work and many Americans have dropped out of the labor market because jobs they seek do not exist, the unemployment rate in this situation is misleading. Blanchford and Posen have written a paper on this and say the flat wage rate in March and April 2014 with no improvement in the participation rate provides a true picture of the large slack in the economy.

Grouped Articles

In Tepid Wage Growth, a Potent Sign of a Still-Fragile Economy

New York Times 05/05/2014

Job Growth Gathers Strength

Wall Street Journal 05/05/2014

Little Agreement on Reasons for Declining Labor-Force Participation

Wall Street Journal 05/05/2014

Positive Jobs Report Shows Economic Fault Lines

Wall Street Journal 05/05/2014

Jobs Data May Be Icing on America's Birthday Cake

Wall Street Journal 07/03/2014

Hiring Is Strong and Jobless Rate Declines to 6.1%

New York Times 07/03/2014

The employment to population ratio for U.S. unemployment- 2011-2014

06/06/2009

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

Not Enough Inflation

New York Times 04/05/2012

The Decline of Work

Wall Street Journal 04/05/2014

Hiring Rises, but Number of Jobless Stays High

New York Times 04/04/2014

U-6 unemployment rate in the U.S. at 12.6% in March 2014

04/04/2014

Grouped Articles

It's Still Bad for the Long Term Unemployed

New York Times 04/04/2014

'Real Unemployment' Rate Points in the Wrong Direction

New York Times 04/04/2014

In Tepid Wage Growth, a Potent Sign of a Still-Fragile Economy

New York Times 05/05/2014

Job Growth Gathers Strength

Wall Street Journal 05/05/2014

Little Agreement on Reasons for Declining Labor-Force Participation

Wall Street Journal 05/05/2014

Positive Jobs Report Shows Economic Fault Lines

Wall Street Journal 05/05/2014

Why high unemployment and the high percentage of the long term unemployed is determining U.S. Federal Reserve interest rate policy in 2012-2014

01/27/2009

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

Fed Affirms Easy-Money Tilt

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


Support LyrArc

We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.

Support Lyrarc from as small as $1


Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us