Econ Comments & Analysis
Bloomberg Business | Finally, Good News for Workers at the Bottom
It’s taken too long, but the U.S. economic expansion is finally benefiting people at the bottom of the ladder. Consider these stats from the Bureau of Labor Statistics’ January jobs report: Employment of people without a high school degree rose 6 percent over the past year. Employment of black teens rose 18 percent. Employment of the disabled rose 20 percent.
Forbes | Unemployment Is Dropping, Thanks To A Republican Policy That Obama Opposed
In January, in his annual State of the Union address, President Obama bragged that “our economy is growing and creating jobs at the fastest pace since 1999.” It’s great news, to be sure. But according to a new paper from the National Bureau of Economic Research, the recent improvement in the labor market may be due to a policy change that Obama adamantly opposed: ending extended unemployment benefits.
