Paul Krugman, Dean Baker, Mark Thoma, (update: Jared Bernstein) and many others call for fiscal policy to boost employment and production. Their idea is to increase employment and labor’s power…

…measure of -.1 (left of the zero line) suggests that 10% MW increase reduces employment by 1%. All the high-statistical-significance studies put elasticity at zero: no employment effect. There’s some…

…same unemployment rate for higher employment. Employment can increase (if the no turnover labor demand curve is close to flat) provided unemployment stays high enough to keep people from quiting….

…actually accelerated, the average annual growth rate of manufacturing employment weakened from -0.4% to -1.3%. This was because the rate of growth in productivity or output per employment jumped about…

…4 weeks likely presages another big monthly employment gain, on the order of 1 million or more jobs. Another very big positive for the next few months in employment is…

…was partly a tech bubble, partly the China manufacturing employment shock, and partly the September 11 terrorist attacks, so housing construction did not turn down meaningfully. Residential construction employment peaked…

Q3 2024 QCEW suggests employment was considerably weaker than we thought last year – by New Deal democrat This will be income, spending, and housing week, but that won’t start…

…now turned down. Manufacturing employment is down -0.3%, residential construction employment is down -0.4%, total construction employment is down -0.1%, and goods-producing employment as a whole is down -0.3%. One…

…-35,000 monthly. The U3 unemployment rate rose 0.1% to 4.4%, which is where it was in December. The U6 underemployment rate declined -0.1% to 7.9%. Further out on the spectrum,…

This was another mixed employment report. The headline increase of 171,000 increase in payroll employment and 410,000 rise in employment reported in the household survey appeared strong. But other signs…