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Elevated Level of Part-Time Employment: Post-Recession Norm?

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Janet Yellen's first meeting as chairwoman of the U.S. Federal Reserve and press conference, March 18, 2014

03/19/2014

Yellen's emphasizes she will look at a broad range of indicators including inflation, jobless for over 6 months and parttime workers who want full time jobs, and fianncial market developments. The Fed continued to reduce its bond purchases- from $65 billion to $55 billion a month. The Fed said plans were to increase short term interest rates about 6 months after the bond purchases end in the fall of 2014, but to do so very gradually and in small increments. A majority of economists interpreted this to mean the Fed will not increase rates till 2015, especially considering the focus on broad indicators includes other aspects of the unemployment picture that are not included in the unemployment rate.

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Yellen Debut Rattles Markets

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Fed Cuts Bond Buying by Another $10 Billion

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Hiring Rises, but Number of Jobless Stays High

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

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Recognizing Bubbles But Still Cautious About Deflating Them

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Yellen Goes on Road to Investigate Health of the Jobs Market

New York Times 10/16/2014

Danger of increasing numbers of permanently unemployed workers in the U.S.

04/30/2009

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

Not Enough Inflation

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It's Still Bad for the Long Term Unemployed

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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 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

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

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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


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