Archive for the ‘Wages’ Category

Strong job market, Obamacare helping to sharply lift low/middle-incomes and health coverage

September 13th, 2016

I’ve got a longer piece out at WaPo, but let me highlight a few things here re the Census Bureau’s release this AM of poverty, income, and health coverage data for 2015. Though these data are for last year and thus don’t move markets, they’re important as they provide a rare, granular look at the… Read more

It’s all connected…4 referrals from today’s papers.

August 19th, 2016

Three articles, one blog post. First, Dean Baker points to this great Bloomberg article by former Fed regional bank pres Narayana Kocherlakota (NK) on how, since black unemployment typical runs 2x the overall rate, Fed policy is especially consequential for them (and other minorities). It’s really just the old adage that when the economy sniffles, less… Read more

That second quarter GDP report: should we be worried?

August 1st, 2016

I didn’t much like that GDP report from last Friday, showing that the economy expanded at an annual rate of 1.2% in the second quarter. OTEers know my methods: I prefer to smooth out the quarterly noise by looking at year-over-year trends. However, as the figure below shows, that doesn’t help so much. In fact,… Read more