Someone asked me to post them, so here they are: First, just so this doesn’t get lost in the mix, let me say why I think these data are so important. After all, given that they’re for last year, they don’t exactly move markets. What’s the big deal? The big deal is that these Census… Read more
Archive for the ‘Full Employment’ Category
Strong job market, Obamacare helping to sharply lift low/middle-incomes and health coverage
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
New work on the benefits of full employment
We’re not there (at full employment) yet, to be clear. I presented this paper last week at a conference–still a draft, but you’ll get the gist. And here’s an interview on the findings, conducted by an excellent interviewer who asked really hard questions. Much of this will be familiar to denizens of these parts, but… Read more
It’s all connected…4 referrals from today’s papers.
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
When fiscal policy lags, the one-two fiscal/monetary punch doesn’t land
Two recent pieces looked at where we are in this recovery and why, seven years into an expansion, we’re still not at full employment. One is by my main man Josh Bivens from the Economic Policy Institute and the other is by David Mericle and Avisha Thakkar from Goldman Sachs (GS) research (sorry; no link to that one)…. Read more