Archive for the ‘New Posts’ Category

Got work? The highly responsive labor supply of low-income, prime-age workers.

October 2nd, 2019

[Note: this is draft of a forthcoming paper for CBPP’s Full Employment Project. I posted it here first as I will be referencing its findings at a Brookings inflation conference on Thurs, Oct 3.] By Jared Bernstein and Keith Bentele[i] Introduction The benefits to running a hot labor market continue to be evident both in… Read more

The King of the Blues Birthday!

September 16th, 2019

Google tells me that today would have been BB King’s 94’th birthday, so I got my booty over to YouTube to queue up one of my fav BB jams–Let’s Get Down to Business! BB crushes it, of course, but also dig busy-yet-funky electric bass playing by Jerry Jemmott. “Whatever made us breakup baby I don’t… Read more

How hot labor markets can lead to misleading median comparisons.

September 10th, 2019

The Census income and earnings data sometimes have a confusing characteristic that is not uncommon in these sorts of data, especially in periods of tight labor markets, as was 2018. The issue has to do with changes in medians from one year to the next. For example, the data that came out this morning showed… Read more

The 2018 Poverty, Income, and health coverage results: a tale of three forces.

September 10th, 2019

This morning, the Census Bureau released new data on health insurance coverage, poverty, and middle-class incomes. While the data are for last year, they shine an important light on key aspects of families’ living standards that we don’t get from the more up-to-date macro-indicators, like GDP and unemployment. As the economic recovery that began over… Read more