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Date:
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Monday, May 10, 2004
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Time:
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9:00 AM — 11:00 AM
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Location:
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Wohlstetter Conference Center, Twelfth Floor, AEI 1150 Seventeenth Street, N.W., Washington, D.C. 20036
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About This Event
Over the past year, stock markets have climbed, productivity and GDP have soared, but job creation appears to have lagged. While job creation took off in March 2004, the cumulative record suggests that this recovery still lags significantly behind past experience. Or does it? In a new paper, Tim Kane of the Heritage Foundation explores possible design flaws in government statistics that may lead them to misinterpret job creation. Correcting for these flaws, he finds that the latest recovery is not nearly as “jobless” as it first seemed. Many government officials, however, have disagreed with Mr. Kane’s analysis and have argued that the negative statistics cited are based on the best possible measure of employment. Is the United States truly in a jobless recovery, or is the primary method of measuring job creation the real problem?
Agenda
| 8:45 a.m. | Registration |
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| 9:00 | Presenter: | Tim Kane, Heritage Foundation |
| | Discussants: | Bruce Fallick, Federal Reserve Board of Governors |
| | | David Malpass, Bear Stearns, Inc. |
| | | Tom Nardone, Bureau of Labor Statistics |
| | Moderator: | Kevin A. Hassett, AEI |
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| 11:00 | Adjournment |
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