Many in the financial industry couldn't care less about unemployment. They don't want to risk any inflation that could erode the value of their wealth. Their voices are being heard at the top levels of the Fed. It is essential that the broader public get involved in this debate as well.
The economy grew at an impressive rate of four percent in the second quarter of this year, according to a government report released on Wednesday. But the stock market promptly tanked. The Dow lost more than 317 points Thursday and another 70 points Friday. What gives? Financial markets like it when the economy grows fast enough to signal that the recovery is continuing -- but not so fast that labor markets might tighten and workers get more bargaining power to get raises. Markets also worry that if the economy grows too fast, the Federal Reserve might pull back from its policy of low interest rates.
As I write this, the House has still not managed to pass a bill to deal with the border crisis. They've been trying for a few days now, but have been locked in a serious battle between Tea Party hardliners and Republicans from more moderate districts.
A new report from Truth in Accounting calls Illinois a financial "Sinkhole State" and says it has the second-worst taxpayer burden in the country. T...
Today's solid jobs report shows a labor market that's moving in the right direction but still has a ways to go before everyone who wants to work has a reasonable chance of finding a suitable job.
While it is good that 700,000 jobs were not destroyed last night, America needs to be investing to create millions of jobs, not just to prevent the worst.
The fight to renew unemployment insurance has always been about those who are most affected. This is about the forgotten Americans struggling just to make ends meet. We hear them, we stand with them, and we urge House Republicans to end their resistance to an extension.
Over the past six months, I have had the opportunity to talk to people of all ages and backgrounds as I run to serve in Congress. While jobs and the e...
No, I am not rotting in my parents' basement. However, if I had not moved in with my mother, I would be homeless. I am single and have no children; however, if I had children, I would likely be eligible for additional benefits.
In many ways, an entrepreneur's career is like a football game. Both combine a swift pace with a highly competitive atmosphere. The "game" is divided into four quarters. In the first quarter you assess the other team's strengths and weaknesses based on your scouting report.
To assert that economists are having trouble figuring out the relationship between inflation and unemployment is like saying chefs can't figure out what to do with salt and pepper. It's that fundamental. Yet, we're befuddled, and that has powerful policy implications.
With the US adding 209,000 new jobs in April, unemployment (6.9 percent) is finally at its lowest since 2008, according to the Bureau of Labor Statist...
The widespread expansion of credit to car-buyers, especially to sub-prime borrowers, is beginning to cause some industry observers to cry "bubble." Is this economic progress?
Some say all jobs may be automated. Perhaps next thing consumption will be automated, too, and then we are really in trouble. Seriously, something does not make sense with this way of thinking.
With the President making historic strides in launching My Brother's Keeper and, together with Congress, passing the Workforce Innovation and Opportunity Act there is no better time than now to make a focus on jobs real throughout the country.
Millennials don't see companies as salary machines. And they don't see themselves as just another chair-filler. They see themselves as having the power to make choices -- and their decision to work in one place or another is about finding value.