A new jobs agenda for the US & the May jobs report

"Looking at the big picture, the labor market remains badly damaged by the Great Recession, and represents the most important public policy challenge facing the country today. The employed share of the working-age population has been essentially flat since the recovery officially began several years ago – it is not returning to its pre-crisis level. But there are things we can do." – Michael Strain, AEI

Tomorrow, the Bureau of Labor Statistics will release the May unemployment report. But as this chart of the civilian employment-population ratio shows, in the aftermath of the Great Recession something must be done to return the US labor market to pre-crisis levels.

So what can be done? In an article in National Review, AEI economist Michael Strain lays out a new jobs agenda. He explains how the government can play an active, but limited role, by promoting work-sharing, making relocation easier, incentivizing employment by offering an Unemployment Insurance lump-sum to unemployed workers who get a job, promoting skilled immigration, and more.

Michael Strain and several other AEI economists are available to comment on the jobs numbers both before and after their release. Please contact mediaservices@aei.org or 202.862.5829 for help reaching a scholar.

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About the Author

 

Michael R.
Strain
  • Michael R. Strain's academic research fits broadly within labor economics and applied microeconomics. Specifically, he has written on the causes of labor market earnings volatility, how earnings volatility varies across workers, the effects of single-sex classrooms on students' education outcomes, job loss and its effects on workers and firms, and the welfare effects of payday loans. Strain began his career in the research group of the Federal Reserve Bank of New York. Before joining AEI, he managed the New York Census Research Data Center, a U.S. Census Bureau research facility. As an economist with the Census Bureau's Center for Economic Studies, Strain was part of the research staff of the Longitudinal Employer-Household Dynamics Program.


    Follow Michael R. Strain on Twitter

  • Phone: 202-862-4884
    Email: michael.strain@aei.org
  • Assistant Info

    Name: Regan Kuchan
    Phone: 202-862-5903
    Email: regan.kuchan@aei.org

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Events Calendar
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Monday, July 29, 2013 | 10:30 a.m. – 11:30 a.m.
Squaring the circle: General Raymond T. Odierno on American military strategy in a time of declining resources

AEI’s Marilyn Ware Center for Security Studies will host General Raymond Odierno, chief of staff of the US Army, for the second installment of a series of four events with each member of the Joint Chiefs.

Tuesday, July 30, 2013 | 12:00 p.m. – 1:15 p.m.
The Trans-Pacific Partnership and 21st Century Trade Agreements

Please join AEI for a briefing on the TPP and the current trade agenda from 12:00 – 1:15 on Tuesday, July 30th in 106 Dirksen Senate Office Building.

Thursday, August 01, 2013 | 8:10 a.m. – 1:30 p.m.
International conference on collateral risk: Moderating housing cycles and their systemic impact

Experts from the US, Europe, Canada, and Asia will address efforts to moderate housing cycles using countercyclical lending policies.

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