Archive for the ‘Jobs’ Category

Rock Steady: Job market in steady groove, closing in on full emp (but not there yet)

October 7th, 2016

Payrolls rose 156,000 last month and the unemployment rate ticked up slightly as more workers came into the steadily improving job market, which continues to close in on full employment, with no signs of overheating. Most importantly, a) the steady progress appears to be pulling some of the missing workforce back into the job market, and… Read more

The non-mystery of declining employment rates for prime-age workers

September 7th, 2016

Allow me to pile on alongside Dean Baker on this alleged mystery-of-the-missing-men, the theme of an NPR story that Dean critiques. There’s little mystery here: the driving factor is the loss of employment opportunities, or what economists call weak labor demand, particularly for non-college-educated, prime-age (25-54) workers. It’s not the only factor, but it’s the… Read more

Goldilocks rising: job market not too hot, not too cold

September 2nd, 2016

The pace of employment gains slowed slightly in August, as payrolls were up 151,000 and the unemployment rate held steady at 4.9 percent. Despite the fact that expectations were for 180,000 jobs, the lower number in today’s report should not at all be taken as a change in the solid, underlying trend in employment growth…. Read more