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.
Democrats on the House Ways and Means Committee wrote a letter on the Tuesday before Thanksgiving to Rep. Dave Camp, Michigan Republican and Ways and Means chairman, urging him to devote some committee time to extending federal unemployment benefits.
The October jobs report showed a surprise spike in hiring with employers adding 204,000 jobs last month. Despite the good news, the unemployment rate rose to 7.3 percent. How is this possible? Paul Solman explains how the 16-day shutdown may have warped the numbers and what the data means for the overall economic recovery.
Much is in flux in Washington this week. But two important realities have remained constant, whether certain elements in the GOP accept them or not: We must not default on the federal debt, and we shouldn't wait until we're on the brink of default to raise the debt ceiling.
President Obama's address at Knox College was billed as "an important speech on the economy," so I was expecting an important speech on the economy -- one that included a serious discussion of, and proposed solutions for, the country's most immediate economic problem: unemployment.