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.
Graduating from college debt-free feels really good. When Ja'Net Adams got her degree from South Carolina State in 2003, she was one of those fortunate students who started her adult life without debt, and things went along really well for her. Then, in 2008, she lost her job.
I've been in some extremely frustrating job situations, but this may have been the worst. A disability rights organization I admired, a dream position for which I felt qualified, but due to another offer, I needed to know if I was still in the running.
There are powerful cultural factors equating self-worth and identity to job status and material wealth. But researchers note religious communities may provide several sources of support that buffer the effects of financial crises such as joblessness.
If America is to shed the title of "Land of Inequality," this is how it is going to happen: by more people becoming aware of how the Fed's monetary policy affects them and demanding that it change.
SAN FRANCISCO -- To overcome the drag on growth of an aging world, we need to be smarter and more effective in everything that we do. We don't need to reinvent the wheel -- just by adopting best practices that already exist will get us most of the way to where we need to be. Fully embracing new technologies will do the rest.
How do they regain their balance, build up their confidence, and imagine a brighter future? There are no simple answers, of course. But we do know programs that give young men and women a sense of empowerment and hope are making a real difference in lives and communities everywhere.
Life expectancy in the United States has increased in the last century by nearly 30 years and continues to grow each year. One of the consequences of this transformation is that older workers are available to remain in the workforce longer.