In my misery index, I calculate a ranking for all countries where suitable data exist. The misery index -- a simple sum of inflation, lending rates, and unemployment rates, minus year-on-year per capita GDP growth -- is used to construct a ranking for 108 countries.
For most of its history, the Federal Reserve has been dominated by bankers and orthodox economists, who kill the recovery at the first sign of inflationary risks. Happily, the Fed today is led by Janet Yellen, a very uncharacteristic Fed chair who spent most of her career as a labor economist, of all things. Yellen is aware of the changes in the structure of labor markets and is unlikely to jump the gun on raising rates, though it's always possible that she could be outvoted. The risk today is not that an improving jobs picture will set off inflation. It's that even tight labor markets, by themselves, will not generate enough pressure for wage increases, because workers have lost so much bargaining power.
Hillary, Bibi, O'Reilly, the economy... So many targets, so little time! ...
Solicitor General Donald B. Verrilli Jr. is this week's Most Impressive Democrat of the Week award-winner, for doing a much better job arguing the case for President Obama's interpretation of the Patient Protection and Affordable Care Act before the Supreme Court than he did the last time around.
Job creation is proceeding at a good pace, and unemployment and underemployment are falling, but wage growth has been anemic and far from what would indicate an overheating economy. That means the Federal Reserve should stay patient and let the labor market continue to heal before starting to raise interest rates.
While there's no doubt the labor market is improving, and doing so at a faster clip than in recent years, there are still missing ingredients suggesting that the US job market is not as close to full employment -- a truly tight match-up between jobs and job-seekers -- as the low jobless rate suggests.
These recent SAMHSA survey results provide a golden opportunity for a scientific and societal shift to reconsider what about American society and culture is resulting in emotional suffering and self-destructive behaviors, especially for certain groups.
If the president is confident the TPP trade agreement is in the best interest of the United States, then he should have no concern about letting Congress propose amendments that can be shared with partner nations during negotiations.
Novelist Rana Dasgupta recently turned to nonfiction to explore the explosive social and economic changes in Delhi starting in 1991, when India launched a series of transformative economic reforms.
High levels of youth unemployment may be one of cities' worst nightmares: not only does it signal and perpetuate a struggling economy, but high numbers of disengaged youth can lead to immense frustration across an entire generation, increased crime, and even revolt.
To get back to that level and maybe even surpass it, we need someone in charge at the Federal Reserve who understands that creating conditions that increase the purchasing power of American workers' paychecks is a part of her mandate. From what she's said and done so far, it appears Janet Yellen is exactly that kind of Fed chair.
The Federal Reserve Board is openly mapping out an actual job-killing strategy and drawing almost no attention at all for it. The Fed's job-killing strategy centers on its plan to start raising interest rates, which is generally expected to begin at some point this year.
Recently, I participated on a panel for the Council of Alumni Association Executives in Scottsdale, Arizona. A highlight during the event was a presentation by Kai Kight who identifies himself as an innovator, speaker, violinist, and entrepreneur.
Just released data from the U.S. Census Bureau paint a different picture, questioning a fundamental measure of economic health - home ownership levels -- which begs the question, is it all a mirage?
Some long-awaited good news for Los Angeles residents has finally arrived. LA is poised to see record employment numbers soon, says the Los Angeles County Economic Development Corp. and it just keeps getting better.
If you have submitted your resume dozens of times, and never seem to hear back, some of the tips below may help you to understand why