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Showing blog posts tagged with employment

Here’s What We’re Reading: Wednesday News Roundup

Here’s What We’re Reading: Wednesday News Roundup

Here are some headlines from the working family’s news we're reading today (after the jump).

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What's Really Going on with the Economy?

Since the economic collapse in 2008, premature cries of “recovery and mission accomplished” have repeatedly marred understanding of how the economy continues to struggle and under-perform for all but the very richest Americans. This week, the news has been good, but that news is being used by the “usual suspects” to argue for applying the economic brakes when we still have a long way to get back to full employment.

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Something Old, Something New

This past week, The Wall Street Journal published an interview with former Federal Reserve Board Chairman Alan Greenspan. He was asked to comment on an address that current Fed Chair Janet Yellen delivered at the International Monetary Fund (IMF) in early July. In that address, Yellen laid out her strategy to address asset bubbles primarily through using regulation and counter-cyclical capital requirements of financial institutions placed at risk by the bubbles. Her speech was a sage response to what we have learned from the bubbles of the last 25 years.

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Stress Test Needed for Household Sector

This week, Federal Reserve Board (Fed) Chair Janet Yellen testified to Congress as part of the requirements of the Humphrey-Hawkins Full Employment Act. The testimony gives Congress an opportunity to hear and assess the Fed’s thinking on economic policy.

In her assessment of the labor market, Yellen clearly stated the labor market is getting better but shows many signs of weakness.

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Economic News Roundup

Economic News Roundup

The Economic Policy Institute (EPI), the Center for Economic and Policy Research (CEPR) and the Center for American Progress (CAP) have released important research about the economy in the past few weeks. Here's a look at some of their key findings (after the jump).

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A Different Way to Understand the Employment Numbers

Friday's employment numbers showed a reasonable gain of 165,000 jobs added to the payroll in April. These are preliminary numbers, as today’s report also shows that the numbers for February and March have now been adjusted upward. So, there is some hope that things may be better than they appear. A separate survey also was released today, based on a survey of households, from which we learned that the overall unemployment rate edged slightly down to 7.5%.

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Tell Us What You Think: What’s Wrong With the U.S. Economy? The Long Answer.

This is the second of a four-part series describing what went wrong with America’s economy and how to fix it. See Part 3 tomorrow and read Part 1: "Tell Us What You Think: What’s Wrong With the U.S. Economy? The Real Scoop"—and please leave a comment to tell us what you think. (Click the chart to enlarge.)

If the short answer is “we’re still recovering from the Crash of 2008,” the long answer is “there was obviously something wrong with the economy long before the Crash of 2008.” 

There were obvious warning signs during the Bush years that should have set off alarm bells.  Most importantly, wages and middle-class family incomes were dead in the water.  The median income for working-age families started falling in 2000 and never recovered during the 2001-2007 recovery.

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New Tool: Monthly Latino Employment Report

Passing along a great tool—the Monthly Latino Employment Report from the National Council of La Raza (NCLR) offers a snapshot of the latest Latino employment statistics.

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