January 19, 2015
The latest U.S. jobs report, released on Jan. 9, found that unemployment in the U.S. is nearly back to normal, at 5.6 percent. Still, a more telling statistic, the share of Americans in the labor force (people working or looking for work), barely budged at just 62.7 percent. That figure was significantly higher before the recession, at around 66 percent, but labor force participation started to fall in 2009 and has since been trending down.
January 14, 2015
Cheaper oil is good for the economy—it's basically the equivalent of a tax cut. Unless it's bad for the economy, which can be the case if falling prices spur deflation and hurt countries and companies that depend on oil exports. Whether the impact is good, bad, or a little of both, will depend on how long prices stay low.
January 13, 2015
In the U.S., the cost of services, paid maternity leave, and child care are largely borne by individuals or employers, unless a family is poor. If the nation wants to boost fertility, it may need to rethink that.