November Jobs Report Crushes Expectations, Sets Stage for Strong Year-End Finish

The U.S. economy added 228,000 new jobs in November, substantially besting the 195,000 increase in jobs that economists predicted. The unemployment rate stayed at 4.1 percent, the lowest rate in seventeen years. Although this figure is unchanged, the labor force participation rate continues to increase, along with the size of the labor force generally, indicating…
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Trump’s First Jobs Report is a Yuuuge Win

The first full monthly jobs report under President Donald Trump is in, and it’s a huge (yuuuge?) success. According to the Bureau of Labor Statistics the US economy added 235,000 jobs in February, above economists’ expectations for a 197,000 job gain. Perhaps most encouragingly, the average hourly earnings for private-sector workers increased by six cents,…
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Worker Productivity Is Plummeting, But What Does it Mean?

Another jobs report has come and gone with nary a peep about it in the media. The reports, which used to dominate the first news cycle of every month during the recession and early stages of the recovery, have become non-events for both conservative and liberal pundits alike. Simply put, they are not good enough…
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Unexpectedly Bad Jobs Report Puts Obama on the Defensive

The White House finally thought it was safe to talk about the economy again. Chastened by the public backlash over the self-congratulatory stance they took and the wildly optimistic economic predictions they made during the early years of the recovery (“recovery summer,” anyone?), the Obama Administration has been careful in recent years to toe a…
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New Census Report Shows Young Adults Continue to Struggle Economically

Today’s young adults came of age during one of the most difficult economic periods in recent history. The Great Recession hit our generation hard, driving unemployment rates up to historic levels and pushing wages down to unsustainable amounts. Last week’s jobs report provided a glimmer of hope that these trends could begin to rebound, but…
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A Great Jobs Report Comes With Serious Caveats for Young Adults

For the first time in years we can declare the latest jobs report a near-unmitigated success. Employers added 321,000 jobs, a figure that far exceeded the consensus forecast of economists, who expected 228,000. Hourly wages rose 0.4 percent, the largest gain in 17 months. The average length of the workweek ticked up to 34.6 hours.…
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Poor Jobs Report Vindicates Americans’ Pessimistic View of the Economy

After a disastrous first quarter for economic growth things finally appeared to be turning the corner. Jobs growth appeared to be accelerating, earnings were slowly rising and the ranks of the long-term unemployed appeared to be thinning. All told, an average of 212,000 jobs were added over the previous 12 months, slightly above the level…
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June Jobs Report Provides Some Early Fireworks

The fireworks came early this week when the Bureau of Labor Statistics released its latest monthly jobs report. For the first time in years the report was an unqualified success. Payrolls grew by 288,000 jobs in the month of June—the fifth straight months above 200,000 (for the first time since 2000)—and the unemployment rate fell…
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March Job Figures: We’ve Entered the “Meh” Phase

The March jobs report is out and well, it was pretty uninspiring. Given the last several months, most of which have brought steady if unimpressive job gains, it’s clear we’re out of the oh-crap-let’s-panic phase and have moved into the gentler “meh” phase. Unfortunately, that’s not good enough, for either Americans, who deserve better, nor…
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