Another Poor Jobs Report

Have I mentioned recently how truly tired I am of writing blog posts lamenting the bad employment situation?A surprising drop in hiring and in the number of people seeking work in August sent a reminder that the U.S. economic recovery is still prone to temporary slowdowns.Employers added just 142,000 jobs last month, well below the …

In Praise of Janet Yellen

Her statement today, in which she mentioned that the Federal Reserve would watch to see how the employment market was doing before raising interest rates, is welcome news for just about anyone who is still concerned that the economic recovery is not on firm footing, and who believes that the job market still has a …

Neel Kashkari on the Jobs Situation in California

Neel Kashkari decided to highlight the bad jobs situation in California by putting "only $40 in my pocket (and no credit cards), a backpack, a change of clothes and a toothbrush," traveling to Fresno (by Greyhound bus), and seeing whether he could find a job. Any job. It should not have been difficult; as Kashkari …

Just a Reminder: The Labor Market Is Still Unhealthy

To wit: After adding 217,000 net new jobs last month, the U.S. economy has recovered all the positions lost during the Great Recession. But economists warned that the news Friday from the Labor Department was no real reason to celebrate. “Things are improving, but it’s happening agonizingly slowly,” said Heidi Shierholz, a labor market economist …

Let’s Discuss the Unmentionables

I know that it is now considered déclassé to say anything negative about Obamacare; we are merely to assume that it has succeeded beyond anyone's wildest dreams and that anybody who suggests otherwise is either stupid or lying or both. But when I read stories like this one, I can't help but think that believing in …

Just What We Needed: More Bad Employment News

Justifying my decision to look askance at the latest jobs report, we have this story, which informs us that "total employment has declined by half a million," and that the economy is not keeping up with population growth. Again, let me state that the Federal Reserve has to continue bond purchases and any other forms …

There Ain’t No Such Thing as a Free Lunch (French Edition)

The French have decided to make leisure time mandatory: Just in case you weren't jealous enough of the French already, what with their effortless style, lovely accents and collective will to calorie control, they have now just made it illegal to work after 6pm. Well, sort of. Après noticing that the ability of bosses to invade their employees' …