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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.
Grouped Articles
Wall Street Journal 03/20/2014
Fed Cuts Bond Buying by Another $10 Billion
New York Times 03/19/2014
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
Recognizing Bubbles But Still Cautious About Deflating Them
New York Times 09/10/2014
Yellen Goes on Road to Investigate Health of the Jobs Market
New York Times 10/16/2014
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
New York Times 04/05/2012
It's Still Bad for the Long Term Unemployed
New York Times 04/04/2014
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 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
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
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
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
Grouped Articles
New York Times 04/05/2012
It's Still Bad for the Long Term Unemployed
New York Times 04/04/2014
Yellen’s Not on Team Krueger When it Comes to Inflation and the Unemployed
Wall Street Journal 04/16/2014
Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
Elevated Level of Part-Time Employment: Post-Recession Norm?
Wall Street Journal 11/13/2014
When the Jobless Become the Unemployable
New York Times 12/02/2010
Linked Articles
Elevated Level of Part-Time Employment: Post-Recession Norm?
Wall Street Journal 11/13/2014
Yellen Assures Markets on Interest Rates
Wall Street Journal 04/01/2014
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