Senior Economist and Director of Health Policy Research
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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 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.
April 3, 2015 | By Elise Gould | Jobs PictureIt’s too soon to sound the alarm, but this morning’s Employment Situation Report report should give us pause. 126,000 jobs created in March and the downward revision of 38,000 jobs in February, together make for disappointing top line numbers.
What to Watch on Jobs Day: Weather-Related Revisions, Thoughts on Austerity, Missing Workers, and Nominal Wages
April 2, 2015 | By Elise Gould | BlogAs another Jobs Day approaches, there are a few things I’ll be thinking about and watching for: the top line payroll employment numbers and whether the February number will get revised downward (because of the weather); the effect that proposed budget cuts could have (and the harmful effects that austerity has had so far on the economic recovery); whether more people enter the labor force in March as job opportunities appear to be on the horizon and what that does to our missing workers number (and the official unemployment rate); and, of course, what’s happening with nominal wages (and the patience of the Fed).
March 17, 2015 | By Elise Gould | BlogThis post originally appeared in the New York Times Room for Debate forum on March 12, 2015. “Right-to-work” laws deny unions the money they need to help employees bargain with their employers for better wages, benefits and working conditions.
March 12, 2015 | By Elise Gould | Economic snapshotThe good news is that we are finally seeing some decent jobs growth with 295,000 jobs added in February. But it’s clear that there’s still a tremendous amount of slack in the labor market.
March 6, 2015 | By Elise Gould | BlogSolid job growth but sluggish wage growth has been a constant refrain over the last few months. We’ve finally seen 12 consecutive months of job growth above 200,000, but wage growth shows little sign of accelerating.
March 6, 2015 | By Elise Gould | BlogThe good news is, today’s jobs report was positive overall. February’s gain of 295,000 jobs continues a favorable trend. At this rate, economy will return to pre-recession labor market health in about two years.
March 6, 2015 | By Elise Gould | Jobs PictureToday’s jobs report showed the economy added a solid 295,000 jobs in February—marking the twelfth straight month that job growth has been more than 200,000.
March 5, 2015 | By Elise Gould | BlogWhen the February Employment Situation report is released tomorrow, I will be looking at three particular numbers: nominal wage growth, labor force participation, and the unemployment rate.
EPI’s Family Budgets and Wage Sufficiency: An Application of EPI’s Family Budget Calculator to the Wages of University of California Administrative Support Employees
March 5, 2015 | By Elise Gould | Issue BriefAbout 93 percent of University of California administrative support workers—10,620 people—would not earn enough from their wages, even if they worked full time, to meet or exceed their metropolitan area’s basic family budget for a prototypical family with one adult and one child.
February 26, 2015 | By Elise Gould | BlogThe Bureau of Labor Statistics released Real Earnings for January 2015 today, which lets us look at trends in real (inflation adjusted) wages over the month and year.
February 20, 2015 | By Elise Gould | BlogYesterday, I released a report that looked at the most recent reliable data on Americans’ wages—by decile and by educational attainment, through 2014.
February 20, 2015 | By Elise Gould | BlogThis post originally appeared on TalkPoverty.org. In a report released this week, I found that 2014 continued a 35-year trend of broad-based wage stagnation.