Jobs

Rays of Hope in the Economic Picture

Update 580 — Enough Sinema Verite:Rays of Hope in the Economic Picture Senators Manchin and Sinema doubled down yesterday on their opposition to Senate filibuster reform and in essence, the critical voting rights package adopted by the House yesterday, which needs a reform of the Senate filibuster rule’s 60-vote threshold to pass. You might be …

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Labor Market Review

Update 563 — Labor Market Review:Participation Down Tho Benefits Cut The U.S. added 194,000 jobs in September but 183,000 people dropped out of the labor force, according to the Bureau of Labor Statistics’ September jobs report, released Friday. It’s the first report since federal unemployment programs ended on Labor Day, offering yet more evidence that pandemic-era unemployment …

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June Adds 850,000 Jobs

Update 542 — June Adds 850,000 Jobs;How Many Covid Job Losses to Recover? This morning’s June jobs report showed the U.S. economy added a substantial 850,000 jobs, with average hourly earnings rising 3.6 percent from a year ago. But labor force participation remained stuck, unemployment actually increased, and the job market has 6.8 million fewer …

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April Jobs Report

Update 530 — April Jobs Report:What Accounts for Hiring Slowdown? Last week’s Labor Department April jobs report showed the economy gained a net 266,000 jobs last month — much lower than expected. The surprising figure has led to debate about the efficacy and necessity of relief and reform measures.  But the problems the report revealed …

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Macro Reconciliation Act

Update 520 — Macro Reconciliation Act:Survey of Labor and Capital Markets 1Q21 Despite strong numbers coming out of the March jobs report, the economy still has 8.4 million fewer employed Americans than it did a year ago. With a new set of infrastructure proposals from the Biden administration on the table, the questions arise: how …

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Regular Disorder on the Hill

Update 509 — Regular Disorder on the Hill:House to Vote on Wage Hike Nixed in Senate Late last night, the Senate parliamentarian ruled the Democrats’ bill to raise the minimum wage to $15/hour ineligible for the $1.9 trillion reconciliation package. The House is expected to vote on the package tonight, with the wage hike, adopt …

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Recovery Still “Uncertain”

Update 508 — Recovery Still “Uncertain,”Powell Reminds Congress, Citing Jobs Lag In his first appearance before the 117th Congress, Federal Reserve Chair Jerome Powell presented the semi-annual Monetary Policy Report in hearings before Senate Banking yesterday and House Financial Services today.  Powell depicted an economy still suffering from the pandemic and warned of risk of …

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COVID’s Summer Hot Spots

Update 451: COVID’s Summer Hot SpotsArgue for Targeted, Automatic Relief Fix No economic relief or bill, regardless of size, will be scrupulously equitable as regards state, sector, class, generation, etc.  Nor would equity on every basis be optimal in all circumstances. Today, Montana and Vermont are both marginally affected by the Coronavirus.  Should relief for …

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