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U.S. Adds 223,000 Jobs in April; Jobless Rate Falls to 5.4%
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Tags: Current Focus, United States,
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
Lower U.S. unemployment for 2nd quarter of 2015
05/08/2015
Grouped Articles
U.S. Economy Added 223,000 Jobs in April; Unemployment Rate at 5.4%
New York Times 05/08/2015
U.S. Adds 223,000 Jobs in April; Jobless Rate Falls to 5.4%
Wall Street Journal 05/09/2015
Strong Job Growth Data Eases Concerns After Winter Dip in Economy
New York Times 06/05/2015
Strong Gains In Hiring Put Eyes on Fed
Wall Street Journal 06/06/2015
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
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
Declining unemployment in the U.S. in 2015, yet a large number of long term unemployed
03/07/2015
Grouped Articles
Brisk Jobs Growth Puts Focus on Fed
Wall Street Journal 03/07/2015
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. Economy Added 223,000 Jobs in April; Unemployment Rate at 5.4%
New York Times 05/08/2015
U.S. Adds 223,000 Jobs in April; Jobless Rate Falls to 5.4%
Wall Street Journal 05/09/2015
Strong Job Growth Data Eases Concerns After Winter Dip in Economy
New York Times 06/05/2015
Lower unemployment in the U.S. for the 1st quarter of 2015
03/07/2015
Grouped Articles
Brisk Jobs Growth Puts Focus on Fed
Wall Street Journal 03/07/2015
Sluggish Productivity Hampers Wage Gains
Wall Street Journal 03/07/2015
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. Economy Added 223,000 Jobs in April; Unemployment Rate at 5.4%
New York Times 05/08/2015
U.S. Adds 223,000 Jobs in April; Jobless Rate Falls to 5.4%
Wall Street Journal 05/09/2015
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.
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
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