Thursday, February 05, 2015

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[IWS] THE STATE OF THE U.S. LABOR MARKET: PRE-FEBRUARY 2015 JOBS RELEASE [5 February 2015]

IWS Documented News Service

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Institute for Workplace Studies-----------------Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor--------------------Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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This service is supported, in part, by donations. Please consider making a donation by following the instructions at http://www.ilr.cornell.edu/iws/news-bureau/support.html

 

Center for American Progress (CAP)

 

THE STATE OF THE U.S. LABOR MARKET: PRE-FEBRUARY 2015 JOBS RELEASE [5 February 2015]

By Michael Madowitz & Danielle Corley

https://www.americanprogress.org/issues/economy/news/2015/02/05/105980/the-state-of-the-u-s-labor-market-pre-february-2015-jobs-release/

 

[excerpt]

Since the end of the Great Recession, the economy has added 9.4 million jobs, and the unemployment rate has fallen from 10 percent to 5.6 percent. The labor market is much healthier today than at any point since the Great Recession, but beneath the top-line numbers, it still has a long way to go before it returns to historically healthy conditions. Last year, the Federal Reserve tacitly acknowledged the widening gap between the reality of the labor market and its most well-known measures by switching from a quantitative unemployment threshold to more comprehensive “measures of the labor market” in its forward guidance. The question, then, is this: What is happening with these broader labor-market indicators the Federal Reserve is looking at? Here’s a quick tour of the most important jobs data you should see in the headlines but rarely do.

 

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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

 

 

 

 

 

 

 

 

 




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