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Jul 12, 2017
Op-Ed
Increasing the target inflation rate could help avoid these vicious cycles, amplified by high levels of debt.Falling inflation transfers purchasing power from borrowers to lenders, and because borrowers on average spend a higher share of this income, this puts a heavy drag on economic growth.
Jun 12, 2017
Op-Ed
Of the 91 months since white unemployment hit that peak of 9.2 percent, black unemployment has been over 9.2 percent in 70 of them. It took more than five-and-a-half years after November 2009 for black unemployment to finally fall to a point where it was lower than white unemployment was at its peak.
May 30, 2017
Op-Ed
“In the first quarter of 2017, African Americans had the highest unemployment rate nationally, at 8.0 percent, followed by Latinos (5.7 percent), whites (3.8 percent), and Asians (3.3 percent).”
May 30, 2017
Op-Ed
At a town hall with CEOs, President Donald Trump revived some of his longstanding concerns about how the nation’s unemployment statistics are calculated.
May 30, 2017
Op-Ed
“The economic expansion that began under Obama continues through the third month of Trump's term”
May 30, 2017
Op-Ed
The overall unemployment rate fell to 4.4 percent in April, tying the lowest level reached since May of 2001 as the establishment survey reported the economy added 211,000 jobs. With roughly offsetting revisions to the prior two months' job growth, this brings the average for the last three months to 174,000.
May 30, 2017
Op-Ed
“America added a solid 211,000 jobs in April, far surpassing the disappointing 79,000 jobs gained in March, according to Labor Department figures released Friday.”
May 30, 2017
Op-Ed
The national unemployment rate fell to 4.4 percent in April, the Labor Department said Friday. But relying on that one headline number as an indicator for the economy as a whole ignores important information just below the surface.
May 30, 2017
Op-Ed
A burst of hiring in April provided a reassuring sign for the U.S. economy and reduced a broader gauge of the job market’s strength hit its best point since the recession began nearly a decade ago. Employers added 211,000 jobs, more than double the weak showing in March, the Labor Department said Friday. The unemployment rate dipped to 4.4 percent, a 10-year low, from 4.5 percent in March.
May 30, 2017
Op-Ed
The number of out-of-work people collecting unemployment checks fell to a 17-year low in April, underscoring the strongest U.S. labor market in years.
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In The News
Oct 12, 2016
In The News
Mr. Conyers said, “Selecting the first African-American or Latino regional bank president would be a historic milestone for the Federal Reserve.” What he sees as the Fed’s long-running history of focusing more on controlling inflation than on fostering job creation has often left “workers of color” suffering more than others, he added.
Oct 10, 2016
In The News
Activists and Democratic lawmakers in recent months have urged the Fed to consider the effects of monetary policy on low-income and minority groups as they get closer to their next interest-rate increase.
May 31, 2016
In The News
If the Fed is to maintain the confidence of markets, it will need not only to communicate its key objectives; it will also have to make clear which considerations have priority and how officials will respond if policy prescriptions required to meet various objectives conflict with one another.
Jun 2, 2015
In The News
From its establishment in 1913, the Federal Reserve has had a clear dual mandate to minimize inflation and maximize employment.1 Over the last several decades, however, the Fed has overwhelmingly prioritized its commitment to combating inflation while allowing the pursuit of full employment to take a back seat.
Jun 2, 2015
In The News
U.S. Rep. Marcy Kaptur, D-Toledo, says it's time to bring back the Civilian Conservation Corps, a mainstay of President Franklin Roosevelt's New Deal back in the 1930s.
The congresswoman says she marked Earth Day Wednesday by introducing her 21st Century Civilian Conservation Corps Act, H.R. 1966, to put people to work on environmental projects.
Jul 2, 2013
In The News
In January, U.S. Rep. John Conyers and 7 other Congress members created the Full Employment Caucus with the goal of creating more than 24 million jobs in order to end the unacceptably high rate of unemployment and underemployment in the United States.