Tag Archives: Unemployment
Source: www.globalresearch.ca

Debunking US unemployment numbers

Do not mistake a rosy Bureau of Labor Statistics report for something that it is not. The unemployment rate did decrease in April, but only because 800,000 people exited the labour force. When unemployment numbers were released on May 2nd, spring seemed a little sweeter for US policy makers. The unemployment rate declined by 0.4 percent […]

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unemployment

How much slack does the U.S. labor market really have?

U.S. labor market slack, the unused part of economic production capacity, is an important economic indicator used by the Federal Reserve to determine forward guidance. The question is how much slack the FOMC thinks there is. When Fed Chair Janet Yellen told Congress that she would base her Federal Reserve decisions on a broader range […]

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Bosnia protest (Reuters/Dado Ruvic)

Stagnation, not nationalism, fuels Bosnian protests

Since the beginning of February, demonstrations and riots in Bosnia & Herzegovina against the political and economic stagnation of the state have broken out throughout the country. The catalyst for the initial protests in Bosnia was the botched privatization of four factories in the northeastern city of Tuzla. Observers and commentators have long criticized privatizations in […]

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Target Checkout

America’s complicated relationship with the minimum wage

Raising the U.S. minimum wage is a powerful political idea that will increase both sales and labor costs for businesses. The debate over increasing the minimum wage in the U.S. keeps getting more complicated. No longer is it a trade-off between losing jobs or raising wages. President Obama used this year’s State of the Union […]

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Janet Yellen (credit: Economic Policy Journal)

Fed debates changing forward guidance

The quickly falling US unemployment rate has caused the Federal Reserve to reevaluate how it communicates when it will raise interest rates. Recently released minutes of the Federal Reserve’s last policy meeting showed that committee members disagree about the best way to communicate future policy as US unemployment has fallen close to their threshold for […]

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unemployment

Can monetary policy address U.S. long-term unemployment?

With Janet Yellen newly confirmed as Chairman of the Federal Reserve, investors are now parsing her testimony to gain insight on the future direction of interest rates.   One particularly interesting piece of her testimony involved the persistence of long-term unemployment and a high number of part-time workers: “These observations underscore the importance of considering more than the […]

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unemployment

Expiration of jobless benefits poses growth risk to US economy

With benefits for the long-term unemployed ending at the beginning of 2014, forecasters are downgrading US growth projections. For 1.3 million long-term unemployed workers in the US, 2014 starts with a shock. Federal jobless benefits for those who have been out of work for more than twenty-six weeks, which have been in effect since 2008, […]

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Fed Holds Open Meeting On Rules For Capital Requreiments

Federal Reserve mulls taper, possible changes in guidance

A strong December U.S. jobs report has fueled speculation on the possibility of a taper of asset purchases in December or January. However, job numbers are not clear-cut for a change in Fed policy. The latest U.S. jobs report showed that the unemployment rate fell from 7.3 to 7.0 percent, beating expectations. This brings the […]

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Troika’s Greece Policy Is Still Not Working

Representatives of the troika – from the European Commission, European Central Bank and International Monetary Fund – are back in Athens for another review of progress in fiscal adjustment and structural reforms. Their strong posture demonstrated on similar occasions in the past has been paradoxical. One might not expect such confidence given the substantial evidence […]

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Occupy Wall Street

All-In Nation Growth Agenda, In or Out?

Are you in? All-In Nation is a collaboration between the Center for American Progress and PolicyLink, and it is centered on exploring ways to create broad-based economic growth. Their progressive agenda is to lower income inequality by ensuring that barriers and obstacles are eradicated through encouraging more public investment and breaking down employment discrimination through […]

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