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Job Growth Rebounds, but Wages Lag
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Wages remain stagnant, labor participation rate declines, and U-6 at 11.8%, as unemployment rate declines to 5.9% in U.S. labor market.
The U.S. unemployment picture September 2014- Underemployment U-6 at 11.8%, unemployment at 5.9%, and labor participation rate at 62.7%
10/04/2014
9.3 millon workers looking for fulltime work and decline in the labor participation rate reflected the true condition of labor market in the U.S., with wages dropping a penny, in September 2014. The unemployment rate dropped to 5.9% but failed to capture the true condition of the labor market for a number of reasons, including people too discouraged to look for work and people working part time when they would prefer working full time.
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Job Growth Rebounds, but Wages Lag
Wall Street Journal 10/04/2014
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Labor-Market Dropouts Stay on the Sidelines
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The New Jobs Report Shows Janet Yellen’s Quandary in a Nutshell
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More Men in Prime Working Ages Don't Have Jobs
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Takeaways From the Monthly Jobs Report
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Why high unemployment and the high percentage of the long term unemployed is determining U.S. Federal Reserve interest rate policy in 2012-2014
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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.
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Stimulus and the Depression: The Untold Story
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Fed Officials Try to Set the Market at Ease
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Economy May Be Getting Its Wings Clipped
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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
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
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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
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
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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 3rd quarter 2014
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Grouped Articles
Job Market Shows New Gains, but Pace Eases
New York Times 08/01/2014
Hiring Settles Into Steady Gains
Wall Street Journal 08/02/2014
Job Growth Rebounds, but Wages Lag
Wall Street Journal 10/04/2014
Recipients of Jobless Benefits Down Sharply
Wall Street Journal 12/26/2014
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