It’s been a confusing time for the labor market. The labor market is extraordinarily strong when judged by any historical benchmark, economists Elise Gould and Josh Bivens of the Economic Policy Institute wrote in a blog post last week. Yet recent signs of softening have raised concerns that the Fed is moving too slowly to lower rates.
Latest Research
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CEO pay declined in 2023: But it has soared 1,085% since 1978 compared with a 24% rise in typical workers’ pay
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Teacher pay rises in 2023—but not enough to shrink pay gap with other college graduates
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Summer unemployment benefits could increase K–12 support staff incomes by $1.2 billion nationwide
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Southern economic policies undermine job quality for auto workers: Rooted in Racism and Economic Exploitation: Spotlight
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The public-sector pay gap is widening. Unions help shrink it.
Blog
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A misleading economic study undersells the benefits from increasing the minimum wage in five cities in Boulder County
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Why the Fed should cut interest rates this week
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Latest data show that recent immigrant population growth is not unprecedented and below historical peaks: New immigrants help grow the economy
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Real median household income rose sharply in 2023—a testament to the strength of the economic recovery
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The labor market remains strong yet the Fed should cut rates in September
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Most minimum wage studies have found little or no job loss
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A 2023 Census data preview: Household incomes likely rose because of a strong labor market and falling inflation
EPI in the news
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FOX 32 Chicago | September 18, 2024
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Business NH Magazine | September 18, 2024
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The Washington Post | September 18, 2024
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Public News Service | September 18, 2024
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New York Times | September 18, 2024
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Jacobin | September 18, 2024
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Santa Monica Daily Press | September 18, 2024