NOVEMBER 18, 2014
A new poll has some disturbing news for Democrats: the country defers to Republicans rather than Democrats when it comes to the economy. Continue reading Poll: Public Has ‘Pulled Back’ From Dems On The Economy
Tag Archives: #Jobs
Over 50 and once successful, jobless Americans seek support groups to help where Congress has failed | Money | The Guardian
Friday 7 November 2014
When she lost her job, Lisa Casino-Schuetz fell into a depression. Then she felt the deepest fear she had ever experienced. Continue reading Over 50 and once successful, jobless Americans seek support groups to help where Congress has failed | Money | The Guardian
The Cheapest Generation | The Atlantic
Why Millennials aren’t buying cars or houses, and what that means for the economy
In 2009, Ford brought its new supermini, the Fiesta, over from Europe in a brave attempt to attract the attention of young Americans. It passed out 100 of the cars to influential bloggers for a free six-month test-drive, with just one condition: document your experience online, whether you love the Fiesta or hate it.
Young bloggers loved the car. Young drivers? Not so much. After a brief burst of excitement, in which Ford sold more than 90,000 units over 18 months, Fiesta sales plummeted. As of April 2012, they were down 30 percent from 2011. Continue reading The Cheapest Generation | The Atlantic
Living the #GreatRecession: Notes from our new digs…
We moved to an apartment complex last month from the condo we’d lived in for the last five years. Continue reading Living the #GreatRecession: Notes from our new digs…
All The Wealth The Middle Class Accumulated After 1940 Is Gone
Here’s more proof the middle class is dying.
Continue reading All The Wealth The Middle Class Accumulated After 1940 Is Gone
Jared Bernstein: Full #employment, trade deficits, and the dollar as reserve currency
By Jared Bernstein
October 7, 2014
Full employment, trade deficits, and the dollar as reserve currency. What are the connections?
I’ve been looking for an excuse to scratch out a few lines about the connections between full employment, the trade deficit, and dollar policy—connections that understandably don’t jump out at everyone—and I’ve found a particularly good one.
Fixing the Downward Bias in the #Unemployment Rate | Jared Bernstein
High-Stakes Musical Chairs: Fixing the Downward Bias in the Unemployment Rate
By Jared Bernstein
October 10, 2014
Ever since the JOLTS (Job Openings and Labor Turnover Survey) came into existence, labor market analysts have looked at the ratio of unemployed to job openings. In fact, the BLS publishes that very metric monthly (see chart 1 here). My old EPI colleague Jeff Wenger used to call it the “musical chairs” number, as when it goes up (high levels of job seekers per job), you can envision a bunch of folks trying to get the one seat/job when the music stops.
Continue reading Fixing the Downward Bias in the #Unemployment Rate | Jared Bernstein
Bob Herbert: Restoring an America That Has Lost Its Way | Moyers & Company
October 9, 2014Three years ago, reporter and former New York Times columnist Bob Herbert took to the road and traveled across the United States to gather research for his new book, Losing Our Way. Continue reading Bob Herbert: Restoring an America That Has Lost Its Way | Moyers & Company
Full employment and trade deficits: PK v. JB re $ | Jared Bernstein | On the Economy
By Jared Bernstein
October 8, 2014
Paul K’s agrees with me on the core aspects of my post yesterday regarding our persistent trade deficits as a barrier to full employment, but disagrees the dollars status as a reserve currency has much to do with it.
The Importance of Extending Pro-work Supports in Key Anti-Poverty Programs | Jared Bernstein | On the Economy
By Jared Bernstein
October 9, 2014
If you will take a brief amble with me through some budget weeds, I assure you it will be in your interest.
Even people who pay some attention to such things don’t know that an important work-support for low-income families is scheduled to expire at the end of 2017. I’m talking about parts of the refundable portions of the Child Tax Credit (CTC) and the Earned Income Tax Credit (EITC) that were expanded in recent years. Without Congressional action, these improvements will go up in smoke at the end of 2017.