by Linda Beale Jobs as the Measure of Economic Success, and Rick Perry’s Texas We have had a warped sense of how to measure economic success in this country at least since George W. Bush started talking about the “ownership” society.  Of course, we should have guessed that moniker was problematic from the start, since […]

I’ll make this quick, since I’m going to get in trouble for writing on a national holiday. But the pace of annual jobs growth is too slow to generate strong wage and salary income. Much empirical research has been dedicated to the estimation of consumption functions, generally finding that labor income is the primary driver […]

by: Daniel Becker This is a simple little exercise that frankly I wonder why no one with a pulpit (that would be you congress critters, executive office and MSM) has done it. It is for those who think simplistically. Thinking like:  wealthy people create jobs with their extra money and not the non-wealthy people’s demand for […]

by Linda Bealecrossposted with Ataxingmatter Dealing with the Sunset of the Bush Tax Cuts (Part IV in a series)–the Tax Relief Coalition The Tax Relief Coalition–another of the myriad anti-tax groups comprised of Grover Norquist’s group and those of similar ideology–is at it again with a letter to Congress (available on BNA) urging the passage […]

Robert Reich lays out some figures for the military jobs programs both in manpower and hardware: America’s biggest — and only major — jobs program is the U.S. military. Over 1,400,000 Americans are now on active duty; another 833,000 are in the reserves, many full time. Another 1,600,000 Americans work in companies that supply the […]

For those interested in more information on job creation in the Employment Dynamics database these three article provide very good information. Cordelia Okolie, “Why Size Class Methodology Matters in Analyses of Net and Gross Job Flows.” July 2004 Monthly Labor Review Jessica Helfand, Akbar Sadeghi and David Talan, “Employment Dynamics: Small and Large Firms Over […]

David Wessel goes to a familiar source: One big reason is that his efforts have made borrowing easy for big companies, those that can sell bonds, but not for consumers or smaller firms that rely on banks to borrow. “If you’re a large corporation relying on capital markets, the Fed and Treasury saved you,” says […]

This article is roughly 24 hours late, but I do have additional points to the headline numbers. From the BLS: Nonfarm payroll employment edged down (-85,000) in December, and the unemployment rate was unchanged at 10.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment fell in construction, manufacturing, and wholesale trade, while temporary […]

Rdan For the sake of argument, jobs in our future over the next few years or so appear to be in the health care industry and education. Jobs needing less education than a BA are among the fastest growing. Where are tomorrow’s jobs going to come from? The question is more urgent than ever, with […]

Rebecca The BLS establishment survey (nonfarm payroll) reports that the accumulated job loss since December 2007 is 5.02% (almost 7 million jobs), blowing the total job loss of the previous “biggie” recessions, the 73-75 and 81-82 recessions, out of the water by 2.5% and 2%, respectively. There’s no question that it has been bad, with […]