Ultimately, paying people more than poverty wages doesn't just help workers. It strengthens the foundation of our economy and paves the way for growth. But don't expect the Republicans running for President to change their positions and rhetoric.
Tomorrow's December jobs report is the first since Federal Reserve policymakers lifted their target for short-term interest rates off zero. That's a very small step, and policymakers didn't claim that the labor market was fully healed.
Don't look now, but we should soon have the 30-hour work week as the standard, instead of the 40-hour work week last enshrined during FDR's New Deal. Why, when Americans now work more hours than any other developed country?
While the unemployment rate is respected as the final score and indicator of employment in the U.S., we feel like it is humming along consistent with a commendable 5.6 percent rate of unemployment. Clearly, this is not the only measure that should be considered.
Leo Hindery says up front that the BLS only notes those specifically looking for work. That may make sense to some -- until one learns who is left out. According to the Hindery report, the ones who are left under the rug of America's unemployment mess are those who've given up looking.
Spitzer and Clarke debate whether the monster storm smashed not just the Metro region but Mitt too. They agree that 'extreme weather' won't be an issue in Ohio this time but will and should be one in 2013. And does 7.9 percent = 270+ electoral votes?
Regarding the election, this news isn't likely to have much of an impact. There are very few undecided voters left and as this change was no shocker in either direction, it won't likely change any minds right or left.
The gold market dropped nearly $20 an ounce shortly after the U.S. Non-Farm Payroll report was released on Friday. However, after digging a bit into the report investors in the yellow metal should find those fears without grounds.
The arcane details of this key indicator help keep financial analysts employed and enliven discussion on cable business channels. But one key to reading the jobs report is to step back and take a bit of perspective.