by New Deal democrat Strong growth in labor force participation is correlated with weak realwage growth Prof. Jared Bernstein has a piece in the Washington Post today (and at his blog) noting that, even with much improved unemployment and underemployment rates, wage growth is still subpar. One item I wanted to add to the conversation […]
by New Deal democrat Scenes from the employment report As I described in my detailed post on the April jobs report, below, almost everything moved in the right direction, and significantly so. Let me lay out a few graphs to show the longer-term stronger and weaker points. In the good news department, the U6 underemployment […]
(Dan here…NDd takes a shot at evaluating the President Obama legacy.) by New Deal Democrat Barack Obama: a noble failure Let me preface this essay by saying that I voted for Barack Obama twice, in both 2008 and 2012. In fact in 2008 I supported him in the primary against Hillary Clinton, who I believed […]