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How low unemployment lifts workers at the bottom

by Amy Scott and Sarah Leeson
Mar 29, 2023
In "Moving the Needle: What Tight Labor Markets Do for the Poor," authors Newman and Jacobs advocate letting tight labor markets stay that way.
"When unemployment goes below about 4.5%, folks who've been out of work find work and keep work," said author Elisabeth Jacobs.
Brandon Bell/Getty Images
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Tax breaks promised jobs in New Jersey's poorest city — they mostly didn't deliver

by David Brancaccio and Ariana Rosas
Mar 27, 2023
The city of Camden was supposed to bring jobs from some of America's biggest companies. So far, that's mostly gone unfulfilled.
Children look out at homes in Camden, New Jersey. Many companies that benefit from state-level tax breaks employ barely any of the city's residents.
Spencer Platt/Getty Images
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Eight states have passed pay transparency laws. How effective are they so far?

by Samantha Fields
Mar 22, 2023
A quarter of U.S. workers now live in a place where local law requires job listings to include a salary range.
New York City's stab at pay transparency offers insight into how such laws could work in other states.
Alex Wong/Getty Images
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February job gains expected to slow

by Mitchell Hartman
Mar 10, 2023
January's outsized 517,000 payroll gain was well above expectations and sparked fears of more aggressive rate hikes by the Fed.
Economists and central bankers abound are watching today's jobs report to get a gauge on inflation.
Olivier Douliery/AFP via Getty Images
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U.S. adds a robust 311,000 jobs despite Fed’s rate hikes

by Associated Press
Mar 10, 2023
Employers added a higher-than-expected 311,000 jobs, while unemployment rose from 3.4% to 3.6%.
The 311,000 number is higher than most predictions, while unemployment rose from 3.4% to 3.6%.
Olivier Douliery/AFP via Getty Images
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Even as layoffs abound, jobless claims are falling

by Mitchell Hartman
Mar 7, 2023
Many workers laid off from tech jobs are finding new ones fast.
Layoffs have so far been concentrated in the tech sector, but the overall unemployment trend has remained near decade-lows.
Eblis/Getty Images
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Workers are staging more labor actions, thanks in part to the strong job market

by Mitchell Hartman
Feb 23, 2023
The number of labor actions has increased, as has the number of workers involved.
Nurses from Mount Sinai Hospital in New York strike outside the hospital. Labor action jumped by more than half in 2022 compared to 2021, according to recent data.
Michael M. Santiago/Getty Images
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A U.S. manufacturing boost is causing anxiety abroad

by Sabri Ben-Achour and Jarrett Dang
Feb 20, 2023
The Biden administration's reshoring efforts, aimed largely at cutting dependence on China, dismays allies who seek U.S. investment.
European Commission President Ursula von der Leyen. The EU and other American allies have expressed unease over the scope of U.S. government funding of domestic industries such as semiconductors and low-carbon energy equipment.
Kenzo Tribouillard/AFP via Getty Images
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A Year of War

Ukrainian refugees struggle to adapt to a new economic reality

by Stephen Beard
Feb 14, 2023
Russia’s invasion has displaced millions of people. Some are rebuilding their lives and businesses in other countries.
Ukrainian refugees stand in line to attend a job fair in Brooklyn on Feb. 1.
Angela Weiss/AFP via Getty Images
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Jobless claims remain historically low amid Fed's efforts to slow wage growth

by Lily Jamali
Feb 9, 2023
What does this mean for their anti-inflation strategy?
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on Feb. 1, 2023 in Washington, DC.
Kevin Dietsch / Getty Images
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