Senior Economist and Director of Health Policy Research
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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.
What to Watch on Jobs Day: What’s at Stake at the Upcoming FOMC Meeting and the Outlook for Young Workers
June 4, 2015 | By Elise Gould | BlogIn tomorrow’s release of the Employment Report, I’m primarily looking for evidence confirming that the Federal Reserve should continue to stay the course through its June (and most likely September) meeting. I’ll also be looking more closely at the labor market for young people: youth entering the labor market in the summer and prospects for recent high school grads.
June 3, 2015 | By Elise Gould | TestimonyThe erosion of collective bargaining has been a key factor undermining pay growth for middle-wage workers over the last few decades.
May 19, 2015 | By Elise Gould | Economic snapshotDespite what some policymakers and pundits might have us believe, a significant share of the poor work. This means that policies that boost employment and wages are important and underappreciated tools for reducing poverty.
Growing Consensus that Labor Market Slack Remains: The Fed Should Stay the Course and Wait to Increase Rates Until the Weakness Has Lessened Substantially
May 15, 2015 | By Elise Gould | BlogNominal wage growth’s failure to significantly increase over the last several months (and years) is evidence enough that there’s sufficient labor market slack to convince the Federal Reserve to keep its foot off the economic brakes and not increase short-term interest rates.
May 12, 2015 | By Elise Gould | BlogThis morning’s Job Openings and Labor Turnover Survey (JOLTS) report rounds out the employment situation for March. Last week, we saw substantial downward revisions to payroll employment, revisions that exposed one of the slowest job gains in recent years.
What to Watch on Jobs Day: Looking for a Pickup in Job Growth, Signs of Wage Growth, and a Glimpse at the Future for the Graduating Class of 2015
May 6, 2015 | By Elise Gould | BlogWhen the latest jobs report comes out this Friday, we’ll be watching to see if the recent slowdown in job creation is just a blip or if it's a new trend.
April 14, 2015 | By Elise Gould | AudioEPI senior economist Elise Gould talked with NPR’s “On Point” about “Cadillac” health care plans under the Affordable Care Act. Watch the video
April 3, 2015 | By Elise Gould | BlogAs I wrote earlier today, while it may be too soon to sound the alarm, this morning’s Employment Situation Report should give us pause.
April 3, 2015 | By Elise Gould | BlogThe recent budget negotiations in Congress are a reminder that policymakers can actively slow (or if they choose, speed up) recovery by depressing (or increasing) demand.