By Area of Research:
August 5, 2016 | By Elise Gould | Economic IndicatorsThis morning’s jobs report showed the economy created 255,000 jobs in July. Aside from the strong payroll numbers, very little changed in key measures.
August 4, 2016 | By Elise Gould | BlogI am cautiously optimistic that the topline payroll numbers in this Friday’s Employment Situation Report will build on June’s positive upturn and come in stronger than the weaker April and May figures.
July 8, 2016 | By Elise Gould | BlogAfter the weakness in payroll job growth the last two months, this month’s Employment Report gives us reason to be optimistic about the future of the economy. Payroll employment grew by 287,000 jobs in June. As I discussed extensively yesterday, this is the kind of job growth that would likely get us to full employment within the next year.
July 8, 2016 | By Elise Gould | Economic IndicatorsIn June, payroll employment grew by 287,000 jobs—an welcome boost after the weakness of the last two months. The June jobs report is the kind we want to see more of.
What to Watch on Jobs Day: Putting employment growth in perspective in advance of Friday’s Jobs Report
July 7, 2016 | By Elise Gould | BlogWhen looking at payroll employment and assessing the strength of job growth, it’s important to keep these benchmarks in mind. Yes, as we get closer to full employment the pace of monthly job growth should slow a bit. But empirical measures still indicate that we should be hoping for substantially faster job growth than we’ve been seeing in recent months.
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.