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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Job Growth is Happening. Wage Growth Isn’t. Here’s How to Fix It

GBP@cker1983!   The Social Security Administration—an agency whose publications usually make for good bedtime reading—issued a loud and clear wake up call to Americans. Here’s a description of the findings courtesy of Michael Snyder at ZeroHedge: The Social Security Administration has just released wage statistics for 2013, and the numbers are startling.  Last year, 50…
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Generation Squeeze

Over the past several years the Millennial generation has been squeezed from two directions: On one side, ever rising college costs have pushed enormous amounts of debt onto young adults, and on the other, the recession, and subsequently weak recovery, has prevented young graduates from earning a paycheck sufficient to survive on their own, much…
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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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Latest Jobs Report Begs the Question: Has Their Even Been a Recovery Under Obama?

The now-monthly masochistic ritual of hitting refresh on our favorite news site as we anxiously await the release of the official jobs report has now concluded. The results, as with most months in the past few years, are in a word – disappointing. According to the Labor Department, the economy added 162,000 jobs in July,…
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New Graduates Earning Less, Owing More in Obama Economy

“Members of the Class of 2012, As a former secretary of labor and current professor, I feel I owe it to you to tell you the truth about the pieces of parchment you’re picking up today. You’re f*cked.” – Robert Reich Pretty strong words from President Clinton’s Labor Secretary, someone whom you would expect to…
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