Senior Economist and Director of Health Policy Research
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October 2, 2015 | By Elise Gould | BlogToday’s Bureau of Labor Statistics employment situation report showed the economy added a disappointing 142,000 jobs in September, bringing average monthly job creation to 198,000 in 2015—a rate slower than 2014.
September 30, 2015 | By Elise Gould | BlogOn Friday, the Bureau of Labor Statistics will release the September numbers on the state of the labor market. I will be watching for upward revisions to August’s employment numbers, which came in lower than expected.
September 11, 2015 | By Elise Gould | BlogNext week, the Census Bureau will release its estimates of the number of Americans who lived in poverty in 2014. The official poverty measure is an important metric—particularly since it’s been in place for nearly 50 years, and its measurement methodology hasn’t had major revisions over that time.
September 9, 2015 | By Elise Gould | BlogToday’s Job Openings and Labor Turnover Survey (JOLTS) report corroborates last week’s jobs report, which continued to provide evidence that the economy is at best moving at a slow jog, with meager wage growth and employment growth that’s just keeping up with the growth in the working age population.
The Bottom Line of this Jobs Report: The Fed Should Hold the Line and Let the Economy Continue to Recover
September 4, 2015 | By Elise Gould | BlogThe official unemployment rate (the U3) is only one data point—one that doesn’t include workers who have left the labor force because of weak opportunities or workers who want to be working full-time but can only get part-time work.
September 4, 2015 | By Elise Gould | Jobs PictureAs kids head back to school, the Bureau of Labor Statistics reported this morning that payroll employment increased by only 173,000 in August—lower than recent months, which were already showing slower growth than last year.
September 3, 2015 | By Elise Gould | BlogUnfortunately, a serious look at the economy suggests slow growth, and not a hint of acceleration—making a rate hike terribly premature.
September 1, 2015 | By Elise Gould | Economic SnapshotAs Labor Day approaches, about a quarter (24 percent) of private sector workers will not be enjoying a paid day off on Monday. A similar number (23 percent) earn no paid vacation time.
Slow Wage Growth is Certainly Not a Sign of the “Some Further Improvement” Needed for the Fed to Raise Rates
August 7, 2015 | By Elise Gould | BlogArguably, the most important measure for the Federal Reserve as they decide whether to raise rates in September is nominal average hourly earnings.
August 7, 2015 | By Elise Gould | BlogMy former colleague, Heidi Shierholz, used to call the prime-age employment-to-population ratio (EPOP) her desert island measure, if she could only take one with her.
News from EPI › Fed Decisions Should Be Data Driven. The Data Indicate it’s Not Time to Raise Rates.
August 7, 2015 | By Elise Gould | Jobs PictureAll throughout its discussions of if and when they will raise interest rates, Federal Reserve officials have insisted that their decisions will be “data driven.” This is, of course, the right approach.
August 6, 2015 | By Elise Gould | BlogThe White House is reportedly considering an executive order that would require that federal contractors provide their employees with seven days of paid sick leave.
August 6, 2015 | By Elise Gould | BlogTomorrow, when the Bureau of Labor Statistics releases its monthly jobs report, we’ll be looking at what the Federal Reserve should pay attention to as they debate whether or not to raise interest rates at the next FOMC meeting in September.
July 23, 2015 | By Elise Gould | Economic SnapshotBetween 1979 and 2007, the majority (61 percent) of the rise in annual earnings of middle-earnings households was due to increasing annual hours and not increasing wages.
July 7, 2015 | By Elise Gould | BlogThe referee might miss an occasional handball, but a soccer game isn’t rigged in favor of one group of players over another. Unlike a soccer game, the most powerful economic actors have rigged the labor market against everyday hardworking Americans.
July 2, 2015 | By Elise Gould | BlogAverage hourly earnings held steady between May and June at $24.95 per hour, a paltry increase of 2.0 percent over June 2014.
July 2, 2015 | By Elise Gould | BlogWhile job growth was decent in June (though the downward revisions to April and May were disappointing), the news on unemployment was actually less welcome.
News from EPI › The Jobs Report is a Sign that the Economy Is Continuing to Leave Workers High and Dry
July 2, 2015 | By Elise Gould | Economic IndicatorsIn June, the economy added a disappointing 223,000 payroll jobs and the more optimistic gains for May were substantially revised downwards from 280,000 to 254,000, on top of downward revisions for April.
July 1, 2015 | By Elise Gould | BlogAre we there? No. Are we moving in the right direction? Yes. How will we know when we get there? See below.
June 9, 2015 | By Elise Gould | BlogThis morning’s Job Openings and Labor Turnover Survey (JOLTS) report reflects the solid employment situation for April, which is considerably better than the weakness we saw in March. Job openings were up, which, along with a slight drop in the unemployment level, meant that the job-seekers-to-job-openings ratio fell to 1.6 in April.
tracking nominal wage growth over the recovery and at best we can find reason for only a very modest celebration. 2.3 percent growth is a move in the right direction, but it’s nowhere near the 3.5 to 4.0 percent growth we expect in a healthy labor market.
June 5, 2015 | By Elise Gould | Economic IndicatorsThis morning’s jobs report shows a solid increase in payroll employment, with 280,000 jobs added in May—slightly higher than the previous six month average of 260,000.