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The economy is showing signs of improvement. So why aren’t Democrats talking about it? - The Washington Post
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Fuller cites the WSJ about the 40% of the 1.4 million jobs created in the first half of 2014 being in the lower wage retail, food service and temporary help sectors. The 6.1% unemployment rate does not count the people who are too discouraged to look for work, these people dropping out of the statistic just as much as the people who have found work. The U-6 which includes those who work part time because they cannot find full time work and people discouraged and stopped looking for work is at 12.6% in March 2014, giving a more accurate reading of the unemployment situation in the U.S. for 2014.
Unemployment for minorities and young people in 2014- 11.7 for Black people, 7.8% for Hispanics and 11.3% for ages 18-24
07/09/2014
The huge disconnect between the official unemployment number of 6.1% from the Labor Department -which does not count people too discouraged and stopped looking for work- and the situation for minorities and young people. Combined with only small wage gains for the average worker this accounts for the lack of confidence in the economy of the average American in 2014 as reflected in the Gallup Economic Confidence Index.
Grouped Articles
Washington Post 07/09/2014
Lack of Leadership and a Generational Split Hinder Protests in Ferguson
New York Times 08/16/2014
Job Growth for Hispanics Is Outpacing Other Groups
New York Times 03/08/2015
Public-Sector Jobs Vanish, Hitting Blacks Hard
New York Times 05/24/2015
Starbucks Leads Multi-Company Initiative to Hire 100,000 Young, Minority Workers
Wall Street Journal 07/13/2015
From slavery to Ferguson, Ken Burns sees an unfinished Civil War - The Washington Post
Washington Post 09/09/2015
Declining U.S. Labor Force Participation Rate for 2010-2016 and its implications for unemployment and economic growth
06/06/2009
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
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
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
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
Unemployment in the U.S. for 1st quarter 2014
03/07/2014
Grouped Articles
Jobs Rebound Eases Fears of Spring Stall
Wall Street Journal 03/07/2014
U.S. Reaches a Milestone on Lost Jobs
Wall Street Journal 04/05/2014
Takeaways From the Monthly Jobs Report
Wall Street Journal 04/05/2014
Wall Street Journal 04/05/2014
Hiring Rises, but Number of Jobless Stays High
New York Times 04/04/2014
In Tepid Wage Growth, a Potent Sign of a Still-Fragile Economy
New York Times 05/05/2014
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
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
Unemployment in the U.S. for 2nd quarter 2014
07/03/2014
Grouped Articles
Jobs Data May Be Icing on America's Birthday Cake
Wall Street Journal 07/03/2014
Falling Unemployment Doesn't Rate for Fed
Wall Street Journal 07/05/2014
Hiring Is Strong and Jobless Rate Declines to 6.1%
New York Times 07/03/2014
Washington Post 07/09/2014
A part-timer boom, or blip? - The Washington Post
Washington Post 07/16/2014
UN Department of Social and Economic Affairs 2014 Report on Unemployment
05/21/2014
A mind blowing statistic- one million Indians are expected to join the work force every month for the next 15 years, according to this report. This report points to the urgency of the situation. This could be one reason why young people, especially the 100 million people added to voter lists in India in the 2014 parliamentary elections, voted for the "Development" theme of the BJP party under Narendra Modi. Foreign investment, building the manufacturing base, bigger infrastructure plans and other jobs/growth strategies are needed quickly.
Grouped Articles
United Nations Forecasts Persistently High Unemployment for the Young
New York Times 05/21/2014
Competing Visions for Russia’s Economic Future
New York Times 05/22/2014
Wall Street Journal 06/12/2014
Jobs Data May Be Icing on America's Birthday Cake
Wall Street Journal 07/03/2014
Washington Post 07/09/2014
India's Modi Articulates Vision for Economic Change
Wall Street Journal 09/30/2014
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
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
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