On Friday, the Congressional Budget Office released a new study examining how worker earnings changed from 1979 through 2007. The report is full of important facts about the evolution of earnings throughout the earnings distribution and, in particular, among the highest earners. For example, the following chart illustrates how the earnings of men and women [...]
Posts Tagged ‘Wages’
The Changing Distribution of Worker Earnings
Posted in Data, Economy, tagged CBO, Earnings, Income, Wages on October 4, 2009 | 4 Comments »
Unemployment Still Rising
Posted in Economy, Macroeconomics, tagged Economy, jobs, Minimum Wage, unem, Wages on September 4, 2009 | 1 Comment »
Today’s jobs report didn’t deliver any real surprises. The number of payroll jobs fell by 216,000 in August, slightly less than expectations, but revisions to earlier months subtracted an additional 49,000 jobs. The unemployment rate rose to 9.7%, more than expected and consistent with the consensus view that unemployment will exceed 10% in coming months. [...]
A Less-Bad Jobs Report
Posted in Economy, Macroeconomics, tagged jobs, Macroeconomics, unemployment, Wages on August 7, 2009 | 3 Comments »
The headlines in today’s jobs report were better than expected: Payrolls fell by “only” 247,000 in July, somewhat smaller than the 325,000 that analysts had anticipated. The unemployment rate ticked down to 9.4%. If you dig into the numbers a bit further, you find some other encouraging nuggets: Job losses in May and June were [...]
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