Senior Economist and Director of Health Policy Research
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June 8, 2016 | By Elise Gould | BlogNot surprisingly, given the rash of ho-hum economic reports we’ve seen recently, the Job Openings and Labor Turnover Survey (JOLTS) for April 2016 was underwhelming.
June 3, 2016 | By Elise Gould | BlogWhile the pace of job growth is expected to slow as the economy approaches full employment, May’s rate of growth was not even strong enough to keep up with growth in the working age population.
News from EPI › Summer weather nears, but the economy is nowhere near hot enough for the Fed to cool it down
June 3, 2016 | By Elise Gould | Economic IndicatorsThis morning’s jobs report showed that the economy added a disappointing 38,000 jobs in May. While this number is depressed by the 35,000 Verizon workers who were striking during the reference period, even adding those workers back into the mix, the total number of jobs is low compared to recent trends.
June 1, 2016 | By Elise Gould | BlogThroughout the recovery, any time some particular measure of wage growth seemed to be indicating strong growth, it would attract attention—particularly from those arguing that rate hikes should come sooner rather than later. The latest such measure is an alternative measure of wage growth produced by the Federal Reserve Board of Atlanta. In recent months, their wage tracker has edged up towards 3.5 percent, hitting 3.4 percent in April 2016.
D.C.’s Fair Shot Minimum Wage Amendment Act of 2016: Testimony Before the Council of the District of Columbia Committee on Business, Consumer, and Regulatory Affairs
May 26, 2016 | By Elise Gould | TestimonyThank you for holding this hearing and giving me the opportunity to speak with you about the Fair Shot Minimum Wage Amendment Act of 2016.
May 12, 2016 | By Elise Gould | Economic SnapshotIt is well-known that high quality child care is out of reach for working families in the United States. If we capped child care costs for families at 10 percent of their income, families across the nation would see significant and much-needed savings.
May 10, 2016 | By Elise Gould | BlogOn the heels of last week’s latest disappointing jobs numbers, today’s Job Openings and Labor Turnover Survey (JOLTS) report, unsurprisingly, shows little improvement in the labor market. In March, overall job openings rose slightly, while the number of people hired decreased.
May 6, 2016 | By Elise Gould | BlogThis morning’s employment situation report from the Bureau of Labor Statistics showed that the economy added 160,000 jobs in April and the unemployment rate held steady at 5.0 percent, while the labor force participation rate (LFPR) and the employment-to-population ratio (EPOP) ticked down.
News from EPI › Disappointing job growth and a dip in labor force participation are not good signs for working people
May 6, 2016 | By Elise Gould | Economic IndicatorsThis morning’s employment situation report from the Bureau of Labor Statistics showed that the economy added 160,000 jobs in April, which is notably slower than recent months.
May 4, 2016 | By Elise Gould | BlogOn Friday, I’ll be looking for signs of stronger nominal wage growth. As the labor market strengthens one expects upward pressure on wage growth. However, the last 6 months have seen rapid increases in workers returning to the labor force in search of jobs. This inflow could well further delay the date when durable wage acceleration begins.
April 5, 2016 | By Elise Gould | BlogThe best news in the data released in this morning’s Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics is that hires were up. Hopefully this is a new trend and not a short term blip in the data. We need job openings to keep translating into hires if we want to reach full employment.
April 1, 2016 | By Elise Gould | BlogFive top female U.S. soccer players made headlines for filing a case against U.S. Soccer for wage discrimination. While this case is high profile, the fact is that the gender pay gap exists across occupations and throughout the economy and that gaps between men’s and women’s pay can add up to a substantial amount over time.
April 1, 2016 | By Elise Gould | Jobs PictureThis morning’s employment situation report showed that the economy added 215,000 jobs in March, which is in line with expectations and in line with the trends of the past few months.
What to Watch on Jobs Day: Signs of more workers returning to the economy and increases in their wages
March 31, 2016 | By Elise Gould | BlogI’ll be looking at two particular trends tomorrow when the March Employment Situation report comes out. First, I’ll look at what’s happening with the labor force participation rate, along with the accompanying employment-to-population ratio and the unemployment rate. Second, I’ll continue to look at nominal wage growth, to measure the strength of the recovery’s impact on workers.
March 23, 2016 | By Elise Gould | Economic SnapshotIn 2015, wages for low-wage workers rose faster in states that increased their minimum wage than in states that saw no minimum wage increase.
March 17, 2016 | By Elise Gould | BlogThis morning’s Job Openings and Labor Turnover Survey (JOLTS) report has both some optimistic news about the economy and some rather disappointing news (and revisions to the entire historical series).
March 10, 2016 | By Elise Gould | BlogThe main story of 2015 wage trends is that they were very unequal—so much so that the fastest growth in wage inequality between men happened in 2015.
March 10, 2016 | By Elise Gould | Briefing PaperOverall, 2015 saw overall real wage gains driven by a dip in inflation. It also saw a pronounced increase in wage inequality.
February 11, 2016 | By Elise Gould | Audiohttp://www.epi.org/files/2016/radio-2016-01-19-elise-gould.mp3From time-to-time, EPI contributes segments for broadcast on Workers Independent News. In January 2016, EPI Communications Director Liz Rose interviewed senior economist Elise Gould.
February 9, 2016 | By Elise Gould | BlogThis morning’s Job Openings and Labor Turnover Survey report came in pretty much in line with other economic indicators that suggested a solid finish the 2015 labor market. Most notably, the hires and quits rates saw small upticks in December, a positive sign for an economy continuing to recovery.
February 5, 2016 | By Elise Gould | Jobs PictureAlthough payroll employment came in much lower than expected and lower than the strong finish to last year, today’s jobs report is a sign that the economy continues to recover.
February 4, 2016 | By Elise Gould | BlogWe’ve seen solid growth in employment over the past couple of years, and the unemployment rate has come down dramatically, but by any reasonable definition we are still not that close to genuine full employment. So, what is full employment?
January 26, 2016 | By Elise Gould | BlogThis Friday is the anniversary of the Lilly Ledbetter Fair Pay Act of 2009, a reminder that a significant pay gap still exists between men and women in the United States.