I've been pretty happy to see the pace of job growth in professional services. |
If you're a native high school dropout in this economy, you've got a slew of problems of which immigrant competition is but one, and a lesser one at that. |
In a strong economy, hours and output can both grow, so long as output grows at a faster rate, thus resulting in productivity growth, ... But... productivity can also grow in a slowdown or recession, when a decline in hours outpaces weak or nonexistent output growth. |
In a strong economy, hours and output can both grow, so long as output grows at a faster rate, thus resulting in productivity growth. But... productivity can also grow in a slowdown or recession, when a decline in hours outpaces weak or nonexistent output growth. |
In the absence of immigrant labor, wages might be a bit higher, particularly in sectors that hire lots of low-skilled labor, which could potentially show up as slightly higher prices. |
Inequality is growing in all parts of the country. |
It looks to me like employers are finally either facing or expecting a level of demand that's much more convincing to them, ... This is yet another piece of evidence that employers are shedding their excessively cautious ways. |
It's a mistake to think that any increase in wages is inflationary and there is substantial room for non-inflationary wage growth, particularly at the bottom end of the scale. |
It's a pretty classic story of an economy that's leaving middle-income households behind. The gap between how this economy's doing and the living standards of the median family has never been larger. |
It's one thing to run faster in place when the rest of the economy is stagnating as well. But it cuts a little deeper when policymakers are telling you the economy is fine, and you are falling behind, |
It's one thing to run faster in place when the rest of the economy is stagnating as well. But it cuts a little deeper when policymakers are telling you the economy is fine, and you are falling behind. |
It's too soon to call this a 'jobless' recovery, ... but another quarter or two of these types of reports, and that probably will be a relevant title. |
It's unprecedented. There is a large and growing gap between how the economy is performing and the living standards of the people stoking the engine. |
Lawmakers need to focus on stimulus, and this report is really a wake-up call in that regard. |
Many of our overall indicators are percolating along just fine, but the growth continues to elude many working families, especially those in the middle and low end, |