The Bureau of Labor Statistics announced today that the economy added 227,000 jobs in January, capping off more than six years of steady job growth under President Obama.
By all measures, the labor market is on the road to (but not yet arrived at) full employment. Further, the economy the Trump administration has inherited shows no obvious risks like a wildly overvalued stock or housing market, as such there’s no particular reason to expect it to be thrown off track.
While there is no silver bullet to end gender and racial pay disparities, ensuring that workers can use the legal system to receive equal pay for equal work is crucial.
Yesterday, I had the opportunity to present some key facts on 1A, a new NPR news program, about the state of black America. Drawing heavily upon research by my colleague Valerie Wilson and her co-author William Rodgers III, I reported on the economy for black workers and the overall disparities that remain, and, in some cases, continue to worsen. Since that hour went by fast (and you might have missed it), I want to reiterate some of those points briefly here.
EPI economist Elise Gould appeared on WAMU’s 1A where she discussed the financial, political, and cultural changes black Americans have experienced in recent years.
As thousands of women gather on the National Mall to advocate for women’s rights, here’s one issue that policymakers can address: wage growth.
Due to an executive order by President Obama, all federal contractors with new contracts (or renewals) after January 1, 2017 are required to provide paid sick leave to theirs employees.
Today’s jobs report gives us an opportunity to compare how the economy is treating Americans today compared with December 2007, when the recession began.
This morning’s jobs report shows that the economy added 156,000 jobs in December 2016. The December report lets us look at 2016 as a whole.
It remains to be seen what, if anything, President-elect Trump will do to strengthen the economy for working people. On net, it could go either way. But all measures, the next president is inheriting an economy far stronger than the last and one that, if left alone, will continue to heal.
There are multiple scenarios for the unemployment rate over the next year as the labor market operates under incoming President Donald Trump. Here’s a look at three crucial factors in determining the outcome.
Most Americans have finally started to feel the benefits of the recovery, but there's more work to do.
Please don’t be distracted by the drop in the unemployment rate today to 4.6 percent—which, incidentally, fell largely because of a drop in labor force participation.
December 2, 2016 | By Elise Gould
| Economic Indicators
Today’s jobs report shows that the economy continues to move in the right direction. Payroll employment increased by 178,000 jobs, and nominal wages grew 2.5 percent over the year.
Friday is the last Jobs Report before the Federal Reserve’s final meeting of the year, when they decide whether to hold the course or raise rates.
EPI Senior Economist Elise Gould delivered the following testimony before the Council of the District of Columbia Subcommittee on Workforce on November 29, 2016.
There was some good news in this morning’s Employment Situation Report. The economy added 161,000 new jobs in October—enough to bring in players off the bench.
Amidst lots of questions about the economy heading into the presidential election next week, I thought it would be appropriate to provide a brief analysis of where the economy is today.
Progress on closing the gap between men’s and women’s wages in the U.S. economy has been glacially slow in recent decades—and gender wage parity has become a top priority for those committed to ensuring the economic security of American women.
Working women are paid less than working men. A large body of research accounts for, diagnoses, and investigates this “gender pay gap.” But this literature often becomes unwieldy for lay readers, and because pay gaps are political topics, ideological agendas often seep quickly into discussions.
With the September employment data in hand, we can look at the number of teachers who are starting work or going back to school this year.
The Bureau of Labor Statistics reported that the economy added 156,000 new jobs in September—enough to absorb new entrants into the labor market and move us slowly closer to full employment.
On Friday, the Bureau of Labor Statistics will release the September numbers on the state of the labor market. As usual, I’ll be paying close attention to the prime-age employment-to-population ratio (EPOP) and nominal wages, which are two of the best indicators of labor market health.
September 28, 2016 | By Elise Gould
| Economic Snapshot
The Department of Labor is soon expected to issue their final rule on an executive order requiring federal contractors to allow their employees to earn and use paid sick days.
The official poverty rate fell by 1.3 percentage points from 2014 to 2015, as annual earnings and household incomes rose significantly for the first time since 2007.
In recent decades, the vast majority of Americans have experienced disappointing growth in their living standards—despite economic growth that could have easily generated faster gains in their living standards had it been broadly shared.
Key numbers from today’s new Census reports, Income and Poverty in the United States: 2015. All dollar values are adjusted for inflation (2015 dollars).
Next Tuesday, the Census Bureau will release its data on income, poverty, and health insurance coverage for 2015, which will give us a better picture of how working families are—and are not—recovering from the Great Recession.
Today’s jobs report came in somewhat underwhelming. This morning, I compared payroll employment growth to weak tea and the labor market saw little to no improvement in other key measures.
September 2, 2016 | By Elise Gould
| Economic Indicators
This morning’s payroll report showed that the economy added 151,000 jobs in August. To put things in perspective, we need about 100,000 jobs a month just to keep up with population growth.