Labor & Economic News Blog
Tuesday, November 27, 2012
Free exchange: The argument in the floorFree exchange: The argument in the floor
Economics professor Michael Reich co-authored a study comparing restaurant employment across contiguous counties with different minimum-wage levels between 1990 and 2006, finding no adverse effects on employment from a higher minimum wage.
How fighting income inequality became Obama’s driving forceHow fighting income inequality became Obama’s driving force
Economics professor Emmanuel Saez comments on President Obama's efforts to fight income inequality: “Obama’s proposals are not strong enough, per se, to undo the very large inequality increase the U.S. has experienced since the 1970s, particularly when it comes to the incomes at the very top. … To really make a dent, you would need to consider more radical policies.”
Friday, November 16, 2012
Unemployment rate declines to 10.1% in CaliforniaUnemployment rate declines to 10.1% in California
The state's employers added 45,800 nonfarm jobs to payrolls last month, outpacing the U.S. growth rate. The jobless rate dipped from 10.2%.
Hostess, maker of Twinkies, shutting down
Thursday, November 15, 2012
‘Increases in Earnings Dispersion Across Establishments and Individuals in the U.S.’ Richard Freeman, Economics, Harvard University
Sunday, November 11, 2012
The Great Debate: Are Public Employees in California Paid too Much.
Tuesday, November 06, 2012
Dream of retirement grows bleak for youngDream of retirement grows bleak for young
The economic downturn is delaying when people launch their careers, and that translates into less savings. On top of that, employers are more pressed to reduce pension benefits, leaving many 20-somethings to think they will not enjoy the same standard of living as their parents did later down the road.
Friday, November 02, 2012
How Does Our Economic Future Compare with That of 2008? A Glimpse at America’s Road to RecoveryHow Does Our Economic Future Compare with That of 2008? A Glimpse at America’s Road to Recovery
The Hamilton Project's Michael Greenstone and Adam Looney explore whether America’s economic future looks brighter today than it did four years ago, finding that the data indicate it in fact does.
Little Federal Help for the Long-Term UnemployedLittle Federal Help for the Long-Term Unemployed
Policy makers are being urged to address long-term unemployment before those looking for work decide to give up trying for good.
Latest Jobs Report Shows Persistent Economic GrowthLatest Jobs Report Shows Persistent Economic Growth
In the last assessment before the election, the Labor Department said the economy added 171,000 positions in October. The unemployment rate edged up to 7.9 percent.