While lower unemployment rates and higher wages are not always good for businesses, they are encouraging signs for workers. Despite mild inflation in wages, a move to full employment has an overall positive effect on economic growth in the United States economy.
Poverty rates have trended downward in recent years, and they look to dip even lower in 2018 and beyond, though low labor force participation remains an obstacle.
The official unemployment rate may be a useful benchmark, but it does not tell the whole story. You have to look beyond the headline number to understand the situation of the American workforce.
When you’re nearly 9 years into an economic expansion, it’s probably asking a lot for job growth to accelerate.
Remember, the Fed has a vote in all this. And if the Fed tries to cool off this expansion, history suggests the risk of a recession will rise materially.
Resident Scholar Aparna Mathur, discusses the decrease in the U.S. employment rate in September was largely a result from Hurricane Harvey and Hurricane Irma.
Despite an increase in job opportunities across the nation, a large number of individuals still remain unemployed. Experts discuss how this could be due to a mismatch in skills.
Arthur Brooks argues that greater geographic mobility within the United States could help workers find the best opportunities.
A recent study suggests that video games explain why younger men are working less than in the past. But reports of gaming causing a drastic reduction in young men’s labor supply are greatly exaggerated.
The more you look at the idea of a jobs guarantee, the more it seems like a bridge to nowhere. More innovation and better education are really the only true guaranteed jobs program for America.