We Are Not Out of the Economic Woods Yet

For a while, recently, it looked as though the U.S. economy could create something on the order of 250,000 jobs per month, which got economic analysts thinking and hoping that at long last, the United States had turned the employment corner and would soon reach full employment--or something resembling full employment, at any rate. Those …

Don’t Know Much about History (Paul Krugman Edition)

Look I understand that Paul Krugman is loath to give Ronald Reagan credit for anything good. But when he goes and makes things up about Reagan's economic record, someone should really call him on it. Preferably someone at the New York Times who is actually in charge of editing and fact-checking. Or doesn't the Times employ …

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 …

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 …

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 …

The Employment Market Continues to Be Weak

At this rate, it will take us forever to achieve full employment: The American economy added 113,000 jobs in January, a disappointing showing that is likely to spur fears that the labor market is poised for yet another slowdown. Before the report from the Labor Department on Friday morning, economists had been looking for the …

Rethinking Employment Policy

Michael Strain has drawn up an employment policy agenda for conservatives (and for right-of-center libertarians too, for that matter), that is must-reading. It serves as a valuable contribution to the debate over employment policy and hopefully will shake up that debate significantly and lead to pathbreaking reforms and legislation that might help get more people back …