The Fed's labor market index aims to give a bigger picture of the economy

May 8, 2017
The Fed today publishes its Labor Market Conditions Index for the month of April. The release follows Friday’s news that the unemployment rate dropped to 4.4 percent last month, near a 10-year low. The index, which Janet Yellen started releasing publicly in 2014, goes further than just looking at the unemployment rate and payroll job […]

The wages-to-jobs ratio is out of whack

May 5, 2017
Our tight labor market should be driving up pay. What gives?
A job seeker fills out registration forms before entering a career fair.
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Labor figures will put President Trump’s job creation goals to the test

May 5, 2017
We’ll get the Labor Department’s jobs report for April today. The report for March was dismal — just 98,000 jobs added — though economists think that was a winter-weather-induced aberration. But even if job creation rises this spring and summer, it’ll still be well short of what’s needed to create the kind of supercharged employment […]

The jobs numbers were never phony

Mar 10, 2017
Trump cast doubt on government data repeatedly and without evidence during the campaign.
White House Press Secretary Sean Spicer takes questions from reporters during his daily press briefing in the Brady Press Briefing Room at the White House March 10, 2017 in Washington, DC.
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Federal Reserve Board Chair Janet Yellen speaks at a news conference. The better-than-expected jobs numbers give the Fed another reason to raise interest rates.
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Trump's first jobs report: Are more jobs on the way?

Feb 3, 2017
The economy added more jobs in January, but unemployment ticked up slightly.
Job seekers fill out paperwork in Santa Clara, California.
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What rising wages look like around the U.S.

Jan 6, 2017
Wages are on the rise for the first time since President Barack Obama took office. What might this mean for inflation?
A construction laborer works on the site of a new residential building in the Hudson Yards development, Aug. 16, 2016 in New York City.
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Three things we learned from the December jobs report

Jan 6, 2017
The economy added 156,000 jobs last month, a number shy of expectations.
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US economy adds 161,000 jobs in October

Nov 4, 2016
Some say that gains in the report were "solid," while others have called them "modest."
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