Tag Archives: JOLTS

Labor’s Day Not Celebrated?

Financial FAQs It looked like August’s unemployment report would celebrate this year’s Labor Day in a big way. We know it because most employment indicators point to many more jobs this year that also pay more. Starting with the August … Continue reading

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JOLTS and Decline of Household Debt

Financial FAQs There is a direct correlation between the increase in job openings announced in the Labor Department’s JOLTS (Job Openings and Labor Turnover) report, and declining household debt. How so? The increase in job opportunities—the number of job openings … Continue reading

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Hoorays For New Fed Chair Janet Yellen

Financial FAQs Fed Chairwoman Janet Yellen’s congressional testimony proved that she is more than qualified to steer the US economy back to health. She is the economists’ economist, in a word, willing to explain the most basic economic truths in … Continue reading

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Consumers Becoming Healthier—Part II

Financial FAQs Consumers seem to be doing better, as I said last week, in spite of their worries about jobs, the economy and budget deficits (their own more than governments’). Consumer credit jumped $17.1 billion in May for the largest … Continue reading

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Ryan Budget Punishes the Poorest—A Return to ‘Les Miserables’?

Popular Economics Weekly We know Victor Hugo’s message is alive and well when Paul Ryan’s latest budget proposal continues to punish the poorest for the sins of the wealthiest who caused the Great Recession, and have yet to be punished. … Continue reading

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Jobs Create More Growth (Not Tax Cuts)

Popular Economics Weekly Neither party seems to want to tackle the unemployment problem head on. Why? Conservatives have succeeded in shifting the debate to taming the budget deficit, when any improvement in the deficit depends on creating more jobs. It … Continue reading

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When is Inflation a Problem?

Financial FAQs Does it seem like the price of everything is rising these days—particularly food and gas prices? It really depends on who you talk to, and this is reviving the age-old debate between deficit hawks and doves. The old … Continue reading

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