After an upswing at the beginning of this year, the labor market is back in the doldrums. The latest report from the Bureau of Labor Statistics said the U.S. economy created just 114,000 jobs in September, and although the unemployment rate fell to 7.9 percent, the workforce remains shrunken. And even those gloomy numbers obscure the suffering of the long-term unemployed and the millions of workers who have dropped out of the labor force in the aftermath of the recession. Stay up-to-date on the state of the labor market with AEI’s economic experts, and find out their ideas for how to get America back to work.
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Conservatives should put that skepticism aside and proceed — as always, with apprehension and great prudence — with a program of infrastructure investment.
This chart tells you quite a bit of information. It plots the ratio of the level of unemployment and the level of job openings—in other words, it reports how many job seekers there are for every job opening.
Economic mobility refers to the ability of an individual or a family to improve their economic status, either within a lifetime or across generations. It is a reflection of economic opportunities available to parents and their children as they attempt to move up the income ladder. ...
State Farm James Q. Wilson Chair in American Politics and Culture and Director of Economic Policy Studies Kevin Hassett tells CNBC about his lunch with President Obama and takes a guess at June jobs numbers.
The Seattle City Council is very pleased with itself. Answering President Obama’s call to address what he has decided is “the defining issue of our time” – income inequality – the Council voted unanimously last week to raise Seattle’s minimum wage to $15 per hour.
We are a long way from the Luddite riots of 19th century England, when protesters smashed the trappings of progress. But worries about the rise of the machines are still with us, and for good reason. Will the machines take our good-paying jobs?
Though the Great Recession ended in 2009, you’d never know it from the millions of Americans suffering from long-term unemployment. Michael R. Strain reminds us of the tragic consequences of long-term unemployment, and the alarming decline in male labor force participation that seems to have accelerated in recent years.