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Max Fraad Wolff
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Max Fraad Wolff teaches economics in the New School University Graduate Program in International Affairs. Max's work can be seen at the BBC, NPR, Al Jazeera English, Bloomberg TV, The Wall Street Journal and many other outlets.

Entries by Max Fraad Wolff

When Work Does Not Work

(1) Comments | Posted January 23, 2014 | 10:54 AM

For the last few years, after decades of pause, the discussion of growing inequity is moving forward. A few years back it was the core appeal of some of what Occupy Wall Street wanted to put on the national agenda. Worries and pronouncements about our massive and growing inequality are...

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Middling May -- Jobs

(0) Comments | Posted June 7, 2013 | 4:54 PM

The much anticipated May jobs numbers were underwhelming but better than lowered expectations. All eyes are on the Fed and its likely response to the economic conditions. Will the Fed continue extraordinary monetary policy support? The counter balance remains that the Federal government will continue to withdraw support...

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February Jobs: Better Than Expected, Less Than Needed

(0) Comments | Posted March 8, 2013 | 8:43 AM

February 2013 saw a strong jobs performance and a significant decrease in the U-3 broad unemployment measure. Employment increased by 236,000 net new non-farm payrolls. The broad U-S unemployment measure fell from 7.9% to 7.7%. We did see the January 2013 revision remove 38,000 from the previous report, a reduction...

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2012 Jobs Story

(0) Comments | Posted January 7, 2013 | 11:44 AM

Looking back at 2012 it is clear that the jobs market turned in a solid and underwhelming performance. In fact, 2012, was a slightly weaker re-run of 2011 with a significant decline in the headline unemployment rate. The January 4 Employment Situation report from the Bureau of Labor...

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The Election Jobs Report

(1) Comments | Posted November 2, 2012 | 5:44 PM

The October Non-Farm Payrolls rose by 171,000 net jobs and the unemployment rate moved up to 7.9 percent from 7.8 percent. The civilian labor force and labor force participation rates increased. Both of these are positives. Increases were modest and are coming off multi-decade lows. Less positive was...

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April Employment Showers

(1) Comments | Posted May 8, 2012 | 11:04 AM

April Nonfarm Payrolls were disappointing, again, up 115,000. This was well below a consensus of 160,000. The U-3 general unemployment rate measure fell from 8.2 percent to 8.1 percent. The broad U-6 unemployment measure, that includes involuntary part-time workers and the marginally attached, remained unchanged at 14.5 percent. The April...

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2012: A Political Economy Year

(1) Comments | Posted January 10, 2012 | 11:04 AM

A different look at the state of the economy.

The second half of 2011 and 2012 are defined by growing imbalance producing various political and economic reactions. 2012 will be a political economy year. By this I mean, the political reactions to economic difficulties will be as influential as...

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Why So Unstable?

(1) Comments | Posted December 8, 2011 | 3:49 PM

The November BLS Non-farm Payrolls release had several strong and equally many weak points. Most discussion has centered on the large decrease in headline unemployment from 9% to 8.6%. I would suggest different areas of recent reports offer more insight. As the days since release have ticked by,...

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Chill in the Air

(1) Comments | Posted November 22, 2011 | 1:34 PM

For the second time this year we are about to be proudly and publicly failed by our leadership. The super committee, super in name only, is likely to be unable to deliver the results that we need and they were charged to provide. This recalls the fiasco surrounding the raising...

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October Employment Picture: More of the Same

(3) Comments | Posted November 7, 2011 | 11:18 PM

We continue to see an underwhelming pattern of economic recovery. The worst of the initial economic dive is behind us. Political and economic risk clouds -- foreign and domestic -- continue to gather. Strong and sustained growth is proving elusive. The public sector continues to be a significant drag on...

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Political Web 2.0?

(1) Comments | Posted September 29, 2011 | 11:18 AM

From the Arab Spring through the OECD year of discontent, the web 2.0 generation is using social media to agitate against the status quo. We see parallels between the economic and political changes that are erupting. As the internet has gone social, discontent has gone viral. Clearly, new technologies of...

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August Jobs -- Zero Progress

(18) Comments | Posted September 2, 2011 | 8:52 AM

For the second time in monthly jobs report history we have created no new jobs. The last time we created no jobs in a month was 1945. We saw downward revisions to the June and July 2011 numbers as well; erasing 56,000 previously reported job gains. Local government employment continued...

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Changing Communication, Changing World

(0) Comments | Posted August 22, 2011 | 11:53 AM

As Libya joins neighbors in transformative political change, new information and systems of distributing information figure prominently. The National Transitional Council, the rebel governing group, informed the people of Libya and Tripoli via text message that they were capturing the capital.

As British authorities sift through the triggers of the...

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Social Media: The Big Picture

(3) Comments | Posted July 22, 2011 | 6:29 PM

Life in the economically beleaguered West is changing fast. We are on the go and our economy is not. New technologies add great new opportunities. Macro headwinds mean more effort to get less far. Millions struggle to get and keep work, assets and stay ahead of responsibilities. We notice the...

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June Jobs Blues

(9) Comments | Posted July 8, 2011 | 9:27 AM

The June non-farm payroll numbers are deeply below consensus forecast. The Bureau of Labor Statistics (BLS) reports that non-farm payrolls expanded by 18,000 in June. The BLS narrow U-3 unemployment rate is now 9.2%; it was 9.1% after the May report. The BLS broad measure of unemployment, U-6...

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No Macro Spring

(3) Comments | Posted June 7, 2011 | 11:21 AM

May was a very weak month for jobs. Nonfarm payrolls increased by less than 25 percent of the recent rate with 54,000 net new jobs created and an unemployment rate of 9.1 percent. 45 percent of our unemployed, 6.2 million people, have been out of work for over...

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Disrupted Economies and Disruptive Technologies

(1) Comments | Posted May 31, 2011 | 5:52 PM

We have seen residential housing lose what little steam it had built up. Jobs numbers, due Friday, are likely to show moderation in the pace of new job creation. The debt ceiling continues to loom. Gas and food prices are straining corporate earnings and household budgets. Social media marches forward...

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Decision 2012: Urgent and UnSaid

(3) Comments | Posted April 27, 2011 | 11:54 AM

We have often honored election traditions in American politics. This is particularly true of those election cycles that fall every 4 years when The Congress and White House are at stake. Over the last few decades we have developed an unfortunate tradition of ignoring income equality and associated issues. The...

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Suffer the Young

(14) Comments | Posted April 8, 2011 | 2:49 PM

Two years into the official recovery, some things about the great recession are well known. Many other vital facts and contours are only beginning to emerge. A very distressing, on-going feature of the downturn is the disproportional havoc it is wreaking on the young. You have heard the last few...

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Brother, You Can Spare a Dollar!

(3) Comments | Posted March 11, 2011 | 11:28 AM

The big stories for today, tomorrow, the coming months are going to involve public sector services and workers. We are and (and where will be) debating the number of public sector workers, the wages of these people and the cost of their benefits? Likely we will keep on the present...

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