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A part-timer boom, or blip? - The Washington Post
Keywords:
Samuelson discusses the differences between the Bureau of Labor Statistics figures for June 2014 using the Payroll Survey and the Household Survey, each telling a different story. According to the Payroll Survey 288,000 jobs were added. The Payroll Survey is a monthly survey of 554,000 business locations, with firms asked to give the number of people on payrolls, pay and occupations. The Household Survey of the BLS asks households in monthly interviews with 60,000 Americans whether they have a job, is it part time or full time, are they looking for full time work, or jobless and for how long. The Household Survey showed June 2014 job increase at 407,000, using an estimate of 1,115,000 increase in part-time jobs and a loss of 708,000 full time jobs. Of the two the payroll survey is larger and considered by economists to be more representative. Other statistics show the parttime workers at about 3 million higher than 2007 before the 2008 financial crisis, suggesting the shift to part time jobs has been one negative result of the crisis.
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
Faces of men who are unemployed or in part time work in the U.S. as one sixth of men 25-54 lack jobs in 2014
02/07/2012
The sharp decline in inflation adjusted wages for less skilled workers since 2000 and lack of decent paying jobs has led to many men too discouraged to look for work, and dependent on a spouse's income or government benefits. This is unlike any other post 1950's economic recovery in the U.S.
Grouped Articles
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
New York Times 02/08/2012
Hiring Rises, but Number of Jobless Stays High
New York Times 04/04/2014
Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones
New York Times 04/27/2014
A part-timer boom, or blip? - The Washington Post
Washington Post 07/16/2014
Economists Steven Davis and Janet Yellen on the U.S. "quit rate" as a sign of upward mobility
02/10/2014
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
Comparitive advantage, free trade, jobs and the role of manufacturing in the U.S.
07/01/2010
Grouped Articles
Does America Need Manufacturing?
New York Times 08/24/2011
Andy Grove: How America Can Create Jobs
BusinessWeek 07/01/2010
Wall Street Journal 10/02/2010
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
A part-timer boom, or blip? - The Washington Post
Washington Post 07/16/2014
Why Manufacturing Still Counts in the U.S. Economy
Wall Street Journal 01/14/2015
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.
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
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
U-6, the rate that reflects unemployment and part-time workers in the U.S. at 14.7% in Sept 2012
04/05/2012
Grouped Articles
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
New York Times 04/05/2012
The incredible shrinking labor force - The Washington Post
Washington Post 05/05/2012
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
U.S. Federal Reserve chairwoman Janet Yellen's thinking on unemployment and expected Fed policy in 2014-2015
01/23/2014
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
The complex picture presented by the surveys of the Bureau of Labor Statistics on unemployment and making sense of what they mean
01/07/2012
The Department of Labor's Bureau of Labor Statistics has two surveys the payroll survey of 400,000 establishements is the emplyer survey and gives the number of jobs added in nonfarm payrolls. The other survey is the Household survey which is based on 600,000 households and gives the unemployment rate. The number of jobs added in the employer survey of payrolls is revised sometimes by hundreds of thousands. The unemployment rate is based on the number of people looking for jobs. If people are discouraged and stop looking the unemployment rate may look better, and conversely if people feel encouraged and start looking the rate can be worse. The unemployment rate can also look better even when jobs are coming in at less than the 125,000 jobs a month that account for population growth to keep the unemployment rate stable.
Grouped Articles
A part-timer boom, or blip? - The Washington Post
Washington Post 07/16/2014
Job Numbers Mask Complex Picture
Wall Street Journal 01/07/2012
The Hiring Hare Will Soon Morph Into a Tortoise
Wall Street Journal 02/03/2012
Jobs Data Show Sustained Growth
Wall Street Journal 02/03/2012
Depsite the latest jobs report, we’re still losing the unemployment war - The Washington Post
Washington Post 02/04/2012
Wonkbook: Don’t read too much into the May jobs numbers - The Washington Post
Washington Post 06/04/2012
Election campaigns and the Labor Department's Bureau of Labor Statistics unemployment numbers for September 2012
10/05/2012
Grouped Articles
A part-timer boom, or blip? - The Washington Post
Washington Post 07/16/2014
Explaining the Big Gain in Job Getters
New York Times 10/05/2012
Jack Welch: ‘I Wasn’t Kidding’
Wall Street Journal 10/05/2012
Jack Welch: I Was Right About That Strange Jobs Report
Wall Street Journal 10/10/2012
America added 255,000 jobs in July, but unemployment rate unchanged
Washington Post 08/05/2016
Consumer spending and the shift to lower paying and parttime jobs in the U.S. - 2010-2014
01/06/2009
Grouped Articles
Wealth Tide Doesn't Lift All Boats
Wall Street Journal 12/10/2013
Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones
New York Times 04/27/2014
A part-timer boom, or blip? - The Washington Post
Washington Post 07/16/2014
How Righteousness Killed the World Economy
New York Times 10/12/2014
Elevated Level of Part-Time Employment: Post-Recession Norm?
Wall Street Journal 11/13/2014
Americans Pocketing What They Save on Gas, Retail Data Suggests
New York Times 01/14/2015
The changing demographics of minimum wage workers in the U.S. in 2014-2015
06/09/2014
Not just young people take minimum wage jobs as more people can only get part time low paying jobs following the 2008-2009 financial crisis.
Grouped Articles
New York Times 06/09/2014
A part-timer boom, or blip? - The Washington Post
Washington Post 07/16/2014
A Growing Economic Recovery Bypasses Low-Wage Workers and Their Tables
New York Times 12/14/2014
States’ Minimum Wages Rise, Helping Millions of Workers
New York Times 12/31/2014
Australia Weighs Whether Its Minimum Wage Is Too High
Wall Street Journal 01/26/2015
After a Bounce, Wage Growth Slumps to 0.1%
New York Times 03/06/2015
Export of manufacturing jobs from the U.S.
07/01/2010
Grouped Articles
Does America Need Manufacturing?
New York Times 08/24/2011
Andy Grove: How America Can Create Jobs
BusinessWeek 07/01/2010
Whirlpool Shifts Some Production to U.S. From Mexico
Wall Street Journal 12/20/2013
Wall Street Journal 10/02/2010
A part-timer boom, or blip? - The Washington Post
Washington Post 07/16/2014
Why Manufacturing Still Counts in the U.S. Economy
Wall Street Journal 01/14/2015
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
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
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
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
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
The shift to part-time workers, lower incomes and the U.S. unemployment rate- 2008 -2014
03/08/2008
Grouped Articles
Wall Street Journal 09/14/2011
New York Times 06/22/2013
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
Wall Street Journal 08/12/2013
Wall Street Journal 09/17/2010
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
Healthcare and education as big U.S. job sources in the 2008 global financial crisis as construction spending is hit hard, which continues to be the case in 2014
03/11/2009
An exceptional piece by Michael Mandel of Business Week highlighting the importance of education and healthcare sectors for development. In Michigan, one of the hardest hit states in the U.S., education and healthcare provides about 23% of jobs, compared to manufacturing with about 12% in 2009. Six years later in 2014 healthcare is an even bigger source of future jobs as shown in U.S. Bureau of Labor Statistics information. Competition in the global economy makes investments in education critical for future competitiveness. As manufacturing gets automated it provides fewer jobs per million dollars invested, and with lower manufacturing wages in developed countries to improve competitiveness. Investments in education, especially science and technology for new generations of products and demands, better preschool and better classrooms,and in community colleges with broader access to the public at lower cost, helps bring more of the population into better jobs. This is generally true for all developed economies and interestingly applies to China also with its aging population and shift to higher technologies for its products. In countries like India poor resource allocation to healthcare and education means immediate and high dividends from such investments.
Grouped Articles
The Big Job Engines: Education and Health
BusinessWeek 03/11/2009
Obama Outlines Plan for Education Overhaul
New York Times 03/11/2009
Ending the ‘Race to the Bottom’
New York Times 03/12/2009
Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones
New York Times 04/27/2014
A part-timer boom, or blip? - The Washington Post
Washington Post 07/16/2014
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