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Economy

September 16, 2014

The Roughed-Up American - Robert Samuelson, Washington Post

America's economy is improving, but the public mood is a lagging indicator. A Pew poll in late August found that Americans recognize that the job market has strengthened. Although ...

September 13, 2014

What We Didn't Learn From the Financial Crisis - Kurtzleben & Wolf, Vox

In the years since the financial crisis, countries have struggled to remove the causes of the most recent financial crisis. Thus far, they have failed. That's the view of Martin Wo...

September 12, 2014

High Housing Costs vs. California Growth - Carson Bruno, RCM

It's no secret. California is expensive. But is it a little more nuanced than that; coastal California is very expensive while inland California is just moderately expensive. Yet, ...

September 9, 2014

The Death of Interest Rates' 'Zero Bound' - Alex J. Pollock, AEIdeas

As shown by these recent quotes from The Wall Street Journal, we are getting used to the idea that interest rates can be negative. So why did so many economists assert confidently ...

September 8, 2014

53 Million Americans Are Now Freelancing - Freelancers Union

Freelancing is the new normal -- and we have the numbers to prove it....

September 6, 2014

How Unemployment Myths Hurt the Jobless - Rob Garver, Fiscal Times

Extending benefits to unemployed workers beyond the 26 weeks provided by most states has little effect on the unemployment rate and essentially no impact on labor force partic...

Most Recent Articles

September 6, 2014

Our Employment Situation Today - Jason Furman, White House

With today’s report, the economy has now added 10 million private-sector jobs over 54 straight months of job growth. This figure is a marker of the progress that has been made, b...

September 5, 2014

The New Approach to Studying the Economy - Jared Bernstein, Wash Post

In a high-profile speech last month, Federal Reserve Chair Janet Yellen was bemoaning the fact that assessing labor market conditions is especially hard right now be...

September 3, 2014

Shocking the Economy Back to Life - Mark Thoma, MarketWatch

During the Great Recession, U.S. gross domestic production -- the nation's total output of goods and services -- dropped below the trend rate of growth that prevailed before the co...

September 2, 2014

We Need Faster Wage Growth - Elise Gould, Economic Policy Institute

The last year has been a poor one for American workers’ wages. Comparing the first half of 2014 with the first half of 2013, real (inflation-adjusted) hourly wages fell for w...

August 30, 2014

How Unemployment Affects Children - Lindner & Peters, Urban Institute

This study analyzes whether and how the event of a job loss in families with children changes family arrangements. Comparing outcomes for children whose parents become unemployed w...

August 29, 2014

Economic Growth Will Pick Up - Congressional Budget Office

As described in both the report and slides, CBO anticipates that, under the assumption that current laws governing federal taxes and spending generally remain in place, the economy...

August 27, 2014

The Real Unemployment Rate - Alan Krueger et al., Princeton University

This paper documents that rotation group bias — the tendency for labor force statistics to vary systematically by month in sample in labor force surveys — in the Current Popula...

August 26, 2014

Can't Find a Job? Blame Obamacare - John C. Goodman, Forbes

Why can’t people find a job? One big reason is Obamacare. Three Federal Reserve Banks – in Philadelphia, New York and Atlanta – have released business surveys tha...

August 25, 2014

Democratic Presidents: Economy Boosters? - Robert Samuelson, Wash Post

It's a Democratic campaign consultant's dream: a study from two respected academic economists concluding that, since the late 1940s, the economy has consistently performed better u...

August 25, 2014

Piketty and General Laws of Capitalism - Acemoglu & Robinson, MIT

Thomas Pikettyís recent book, Capital in the Twenty First Century, follows in the tradition of the great classical economists, Malthus, Ricardo and Marx, in formulating &igr...

August 25, 2014

Ban Hiring Discrimination Against the Jobless? - Jeffrey Stinson, Stateline

The day Debra Wolverton was laid off from her retail sales job in June 2013, she stopped by some businesses on her way home in Austin, Texas, to ask for work. She was told to apply...

August 23, 2014

The 2014 Jackson Hole Economic Policy Symposium - FRBKC

The Federal Reserve Bank of Kansas City hosts dozens of central bankers, policymakers, academics and economists from around the world at its annual economic policy symposium, Aug. ...

August 22, 2014

What It Takes to Be Considered 'Rich' - Dylan Matthews, Vox

Rich people love few things like they love making up reasons for why they are not in fact rich. Personal Capital, a web-based money management application similar to Mint...

August 22, 2014

Women-Owned Businesses Stay Small - Sophie Quinton, National Journal

When Arabel Alva Rosales started her own technology consulting company, she had many advantages: a law degree from Chicago's DePaul University, experience working in state governme...

August 22, 2014

'Helicopter Money' Works. Always. - Willem H. Buiter, Economics

The author provides a rigorous analysis of Milton Friedman’s parable of the ‘helicopter’ drop of money – a permanent/irreversible increase in the nominal stock of fiat base...

August 20, 2014

What Good Are Jobless Benefits? - Andrew Quinn, Pursuit of Happiness

Last spring, Washington was locked in partisan combat over unemployment insurance. You may remember this showdown as that time when Congress came to a screeching halt over intracta...

August 19, 2014

The Decline of Labor Force Participation - Steven Braun et al., VoxEU

The labour force participation rate in the US has fallen dramatically since 2007. This column traces this decline to three main factors: the ageing of the population, cyclical effe...

August 13, 2014

Immigrants and the Economy: A FAQ - Daniel Costa et al., EPI

While immigration is among the most important issues the country faces, misperceptions persist about fundamental aspects of this crucial topic—such as the size and compositio...

August 11, 2014

America's Disappearing Middle Class - Joel Kotkin, The Daily Beast

In ways not seen since the Gilded Age of the late nineteenth century, America is becoming a nation of increasingly sharply divided classes. Joel Kotkin’s The New Class Conflict...

August 11, 2014

Our Manufacturing Base Is Surprisingly Strong - Moran & Oldenski, VoxEU

There is indisputable evidence that manufacturing employment as a share of total employment in the US has been declining. This column argues that focusing on employment masks impor...

August 8, 2014

Where Have the Entrepreneurs Gone? - Robert Samuelson, Wash Post

We may have a "senile economy," says economist Robert Litan of the Brookings Institution. That's senile as in old, rigid and undynamic....

August 7, 2014

AI, Robotics, and the Future of Jobs - Aaron Smith & Janna Anderson, Pew

The vast majority of respondents to the 2014 Future of the Internet canvassing anticipate that robotics and artificial intelligence will permeate wide segments of daily life by 202...

August 6, 2014

How Inequality Is Dampening Growth - S&P Capital IQ

The topic of income inequality and its effects has been the subject of countless analysis stretching back generations and crossing geopolitical boundaries. Despite the tendency to ...

August 5, 2014

The Economic Toll of Offshoring - Adam Hersh & Ethan Gurwitz, CAP

The global economy is becoming a more integrated and competitive neighborhood. Driven by new investments and the jobs that come with them, the expansion of the global economy into ...

August 5, 2014

The Role of Entrepreneurship - Ryan Decker et al., JEP

An optimal pace of business dynamics—encompassing the processes of entry, exit, expansion, and contraction—would balance the benefits of productivity and economic growt...

August 4, 2014

Work and Worth - Robert B. Reich, Huffington Post

What someone is paid has little or no relationship to what their work is worth to society....

August 2, 2014

A Very 'Meh' Economic Recovery - Matthew Yglesias, Vox

Today's jobs numbers made July the sixth straight month in which the economy added over 200,000 jobs which — fun trivia fact — has not occurred since 1997....

August 1, 2014

The Real Unemployment Rate Is at Least 18 Percent - Peter Morici, Hill

Friday, the Labor Department is expected to report the economy added 235,000 jobs in July, and the unemployment rate remained steady at 6.1 percent, but that hardly tells the story...

July 30, 2014

Dollar Stores and the Problem With Capitalism - Matt Phillips, Quartz

The French economist Thomas Piketty could not have dreamed up a better illustration of the problematic and growing income inequality in the US than the&nbs...

July 29, 2014

Presidents Don't Have Control of the Economy - Derek Thompson, Atlantic

For years, Americans have listed the economy as their "most important problem," and it seems like countless elections have swung on candidates' sugar-coated promises to a...

July 29, 2014

Unemployment, and the Work 'Skills Shortage' Myth - Gary Burtless, RCM

The jobless rate has dipped to 6.1 percent, and businesses are already complaining about a skills shortage. Earlier this month the Wall Street Journal reported risin...

July 29, 2014

Does Econ 101 Apply to Immigration? - Robert VerBruggen, RealClearPolicy

It's basic economics: When supply expands, prices fall. So one might think that when immigrants increase the supply of labor, the price of labor -- that is, employee compensation -...

July 28, 2014

Unemployment Benefits Hurt the Recovery - Jeffrey Dorfman, Forbes

Back in December and January there was a fierce political fight over continuing the federal emergency extended unemployment benefits that had allowed people to collect unemployment...

July 28, 2014

Democratic Presidents and the U.S. Economy - Blinder & Watson, Princeton

The U.S. economy has grown faster—and scored higher on many other macroeconomic metrics—when the President of the United States is a Democrat rather than a Republican. ...

July 26, 2014

Big Cities' Housing Laws Harm the Economy - Emily Badger, Wash Post

For the last couple of years, San Francisco has been erupting with periodic protests aimed, rather imprecisely, at a nexus of grievances related to gentrification, affordable housi...

July 25, 2014

Expanding Opportunity in America - Rep. Paul Ryan, Budget Committee

Today, Chairman Ryan released a new discussion draft, “Expanding Opportunity in America.” The draft proposes a new pilot project to strengthen the safety net and discusses a nu...

July 21, 2014

California Hiked Taxes and Saw Job Growth - David Johnston, Sac Bee

Dire predictions about jobs being destroyed spread across California in 2012 as voters debated whether to enact the sales and, for those near the top of the income ladder, stiff&nb...

July 17, 2014

The Jobs Program We Need - Eric B. Schnurer & Daniela Glick, RCPolicy

There is some good news out of Washington: Bipartisan agreement has emerged on a major piece of legislation. The bad news: Congress missed a rare opportunity to demonstrate that it...

July 17, 2014

A Criminal Record Can Leave You Jobless - Kenneth Quinnell, AFL-CIO

When someone is convicted of a crime in the United States, the law provides a range of possible penalties. In most cases, there is some discretion for the judge in terms of the spe...

July 15, 2014

Habits of Effective Workforce Programs - Mazzara & Horwitz, Third Way

In his State of the Union address, President Barack Obama tapped Vice President Joe Biden to “lead an across-the-board reform of America’s training programs to make sur...

July 14, 2014

Policy Responses to the Global Economic Crisis - Richard Wood, VoxEU

The Global Crisis triggered a series of medium-term policy changes. This column reviews the effectiveness of some of these monetary, fiscal policies, and internal devaluation polic...

July 12, 2014

A Recovery Without the Middle Class? - Joel Kotkin, Forbes

What if they gave a recovery, and the middle class were never invited? Well, that’s an experiment we are running now, and, even with the recent strengthening of the jobs mark...

Yahoo News - US Economy

U.S. Fed maintains guidance, expect

(Reuters) - The U.S. Federal Reserve on Wednesday renewed a pledge to keep interest rates near zero ...