Archive for the ‘Jobs’ Category

Jobs Report: Strong report shows we’re closing in on full employment but not quite there yet.

March 10th, 2017

In the latest edition of a long series of solid job reports, payrolls posted a strong 235,000 job gain last month, as the unemployment rate ticked down slightly to 4.7 percent and wages accelerated a bit. Federal Reserve officials, many of whom had already been talking about getting back to their “normalization” campaign–raising the benchmark… Read more

Before you blame the robots, look to the policy (and the data)

February 21st, 2017

This very incisive bit of work from the NYT editorial page makes two critical points: The data do not support the claim that there’s been an acceleration in labor-replacing technology displacing US workers. To the contrary, measures of capital investment and especially and most persuasively, productivity growth, have slowed, trends that point in the opposite… Read more

Jobs report: Solid jobs gains in January and a focus on wages (yes, they’re up, but no overheating in sight)

February 3rd, 2017

The US job market continues to deliver solid job gains, as the nation’s payrolls rose 227,000 last month, the strongest month for payroll gains since last September. The unemployment rate ticked up slightly to 4.8 percent, due largely to an increase in labor force participation, a positive indicator of more workers drawn into the improving… Read more