So despite the likelihood of a weak GDP and first quarter earnings, I believe this bad news is just the thing the Fed needs to defer hiking interest rates which will help keep the dollar at a reasonable level and foster investment.
Technology is not only disrupting education, but also reshaping the future of work. We're witnessing a rise of independent skilled workers that are seeking more flexible, freelance and collaborative work opportunities.
The March job numbers came in somewhat worse than most analysts had expected. The slower job growth was largely attributable to unusually bad weather in late February and early March, but most of the commentators seem to be missing this fact. Many are warning that the economy might be weaker than they thought. These warnings from commentators are in fact good news. They are good news first because it is almost certainly true that the economy is weaker than these analysts thought. Many had been making silly pronouncements about a new American boom that was not based in any real understanding of the economy. It's always best when the people who are determining economic policy have some idea of the actual state of the economy. The other reason the warnings are good news is that they may slow down the Federal Reserve Board's rush to raise interest rates.
If nothing is done to address this disturbing development, just as Black men's unemployment finally dips into the single digits, Black women may very well eventually pierce the double digit unemployment mark themselves.
In parliament, Agnieszka Pomaska's focus has been on European affairs. But because of her age, she has also necessarily been drawn into discussions about the state of Polish youth. I asked her what kind of policies Poland could implement to deal with high youth unemployment and the serious outflow of Polish young people from the country.
Although the employment situation for veterans has improved since I left the military, the most recent report from the Bureau of Labor Statistics tells me we still have work to do. Every man and woman who has honorably worn the uniform of this country has the ability to make our nation stronger. I know because they already have.
The healthcare industry is a longstanding anchor in many urban centers. Poised to add nearly 5 million jobs to the economy over the next decade, this industry is uniquely positioned to expand job creation and wealth-building opportunities to some of our country's most economically vulnerable communities.
Today's lackluster employment report shows that despite substantial job market improvements over the last year or so, the Federal Reserve should not yet start raising interest rates to prevent the economy from overheating and producing unacceptable inflation. There's still too much labor market "slack" for the Fed to shift its chief concern to the risk of too much inflation.
While I think it's very unlikely that the 126,000 payroll gain marks a new, much slower trend in job growth, there are reasons for caution, especially at the Federal Reserve. This job market has fooled us before, with more head fakes then an NCAA point guard.
You need to use your professional power and take control of your career trajectory. If you have a bad boss, suffering in silence (or out loud) is not a wise career strategy.
Young people have taken it for far too long. The exploitation of my generation began quietly with brutal standardized testing and increased rates of childhood poverty. It crescendoed with raising university tuition prices until the stage was set for the grand finale.
Next time you hear someone blabbing about how robots are going to take away our jobs, tell them to can the science fiction and get back to the real world. The immediate threat to jobs is the folks on the Federal Reserve Board who want to raise interest rates.
In the wake of the financial crisis, President Obama took the helm of a sinking economic ship and help to right it. The unemployment rate is now once again at pre-recession levels -- the lowest in seven years (5.5%).
Both Piketty and Clark say that politics, not economics, will determine the future. However, the economy will certainly be a major focus of upcoming election debates in both countries. The real question is, will the electorates in the U.S. and the UK stage a revolt?
The market's response to Wednesday's economic data was somewhat perplexing at first blush.
Entrepreneurs play an important role in national economic health and economic competitiveness. What is less recognized, and becoming increasingly important, is the role entrepreneurs also play in national security.