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The New Jobs Report Shows Janet Yellen’s Quandary in a Nutshell
Keywords:
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
Lower unemployment in the U.S. in 2015 with weak wage gains, low productivity growth and low GDP growth
03/06/2015
Productivity growth in the U.S. since 2009 is about 1.3% according to the Labor Department, with slack in the labor market not reflected in the 5.5% unemployment rate in Feb. 2015, resulting in tepid wage gains. GDP growth for the same period is an average of about 2% with businesses not increasing capital spending as they did in previous expansions.
Grouped Articles
Sluggish Productivity Hampers Wage Gains
Wall Street Journal 03/07/2015
After a Bounce, Wage Growth Slumps to 0.1%
New York Times 03/06/2015
The New Jobs Report Shows Janet Yellen’s Quandary in a Nutshell
New York Times 03/06/2015
Slowing Job Growth Tests Economy
Wall Street Journal 04/04/2015
Oil Layoffs Hit 100,000 and Counting
Wall Street Journal 04/15/2015
U.S. Economic Growth Nearly Stalls Out
Wall Street Journal 04/29/2015
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.
Grouped Articles
Job Growth Rebounds, but Wages Lag
Wall Street Journal 10/04/2014
Recipients of Jobless Benefits Down Sharply
Wall Street Journal 12/26/2014
Labor-Market Dropouts Stay on the Sidelines
Wall Street Journal 12/29/2014
Sluggish Productivity Hampers Wage Gains
Wall Street Journal 03/07/2015
The New Jobs Report Shows Janet Yellen’s Quandary in a Nutshell
New York Times 03/06/2015
Washington Post 10/23/2015
Productivity gains in the U.S. 2011-2015
10/20/2011
Grouped Articles
U.S. Productivity Growth Has Taken a Dive
Wall Street Journal 02/04/2014
Sluggish Productivity Hampers Wage Gains
Wall Street Journal 03/07/2015
The New Jobs Report Shows Janet Yellen’s Quandary in a Nutshell
New York Times 03/06/2015
The Mystery of Declining Productivity Growth
Wall Street Journal 05/15/2015
New York Times 05/25/2015
Goldman Sachs and J.P. Morgan Can’t Agree Why the Economy’s Productivity Has Slumped
Wall Street Journal 06/16/2015
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
High unemployment and declining wages in the U.S.: 2010-2012
01/01/2010
Grouped Articles
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
Wall Street Journal 08/12/2013
No longer the land of opportunity - The Washington Post
Washington Post 01/05/2012
Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones
New York Times 04/27/2014
The world economy: Wealth without workers, workers without wealth
Economist 10/06/2014
Falling Wages at Factories Squeeze the Middle Class
New York Times 11/20/2014
Employees and wages at Apple's retail stores
05/29/2010
About 30,000 of the 43,000 employees at Apple's U.S. operations are hourly workers. Most are in their early twenties paid about $12 an hour with health care benefits. Their is no career path for most workers and most leave after a couple of years for other work.
Grouped Articles
Wall Street Journal 05/29/2010
Wall Street Journal 01/06/2012
Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones
New York Times 04/27/2014
Apple Says App Store Sales Rose 50% in 2014
Wall Street Journal 01/09/2015
Sluggish Productivity Hampers Wage Gains
Wall Street Journal 03/07/2015
The New Jobs Report Shows Janet Yellen’s Quandary in a Nutshell
New York Times 03/06/2015
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
The puzzle of continuing U.S. job gains in 2014-2015 with tepid wage growth, low productivity, and low economic growth
03/06/2015
Weak business investment, low productivity, slack in the labor market, and more low paying jobs are some of the reasons explaining the puzzle of job gains in 2014-2015 with small wage gains.
Grouped Articles
Sluggish Productivity Hampers Wage Gains
Wall Street Journal 03/07/2015
After a Bounce, Wage Growth Slumps to 0.1%
New York Times 03/06/2015
The New Jobs Report Shows Janet Yellen’s Quandary in a Nutshell
New York Times 03/06/2015
Slowing Job Growth Tests Economy
Wall Street Journal 04/04/2015
U.S. Economic Growth Nearly Stalls Out
Wall Street Journal 04/29/2015
The Mystery of Declining Productivity Growth
Wall Street Journal 05/15/2015
Fed chairwoman as listener with empathy for the unemployed and different opinion on the FOMC- a remarkable Janet Yellen in 2014-2015
12/22/2014
Janet Yellen brings a remarkable change of tone at the Fed as she listens to unemployed workers, listens carefully to committee members, speaks at the end of meetings careful to summarize varying opinion, and calms volatile financial markets in 2014.
Grouped Articles
Yellen’s First Year at Fed: A Remarkably Steady Course
New York Times 12/22/2014
The New Jobs Report Shows Janet Yellen’s Quandary in a Nutshell
New York Times 03/06/2015
Joel Peterson of JetBlue on Listening Without an Agenda
New York Times 05/09/2015
Janet Yellen and Fed Predecessors Find Common Ground Onstage
New York Times 04/07/2016
Years of Fed Missteps Fueled Disillusion With the Economy and Washington
WSJ 08/26/2016
Fed, With 3 Officials in Dissent, Stands Firm on Interest Rates While Noting Improving Economy
The New York Times 09/21/2016
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