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BOE Grapples With Self-Employment Puzzle

Bank of England officials are struggling to make sense of a big rise in self-employment in the U.K., a development that may affect when officials choose to lift interest rates.

Source: http://blogs.wsj.com/economics/2014/04/23/boe-grapples-with-self-employment-puzzle/?mod=marketbeat

To Gauge Jobs Progress, Fed Should Focus on Wages: Former BOE Officials

The Federal Reserve should focus on evidence of wage gains rather than falling unemployment as a sign the economy is improving enough to start raising interest rates, two former Bank of England officials say.

Source: http://blogs.wsj.com/economics/2014/04/22/to-gauge-jobs-progress-fed-should-focus-on-wages-former-boe-officials/?mod=marketbeat

San Francisco Fed Paper: Okun’s Law Isn’t Broken, As Many Had Feared

One of the Great Recession’s enduring mysteries has been the apparent breakdown in longstanding relationships between the economy’s growth rate and unemployment during and after the downturn.

Source: http://blogs.wsj.com/economics/2014/04/21/san-francisco-fed-paper-okuns-law-isnt-broken-as-many-had-feared/?mod=WSJBlog

Long- and Short-Term Unemployment Have Similar Inflation Impact: Fed Paper

Long-term unemployment creates a drag on inflation similar to that created by short-term joblessness, according to a new paper by a Federal Reserve economist paper that casts doubt on the notion that researchers should study the two categories separately.

Source: http://blogs.wsj.com/economics/2014/04/21/long-and-short-term-unemployment-have-similar-inflation-impact-fed-paper/?mod=marketbeat

Wait, What Recovery? How the NBER Determines When Recessions End

A common reaction to any story mentioning economic recovery goes something like this: “On what planet are you living? The economy is terrible.” The sentiment is so common that a Wall Street Journal/NBC News poll last month showed 57% of respondents feel the economy remains in recession.

Source: http://blogs.wsj.com/economics/2014/04/21/wait-what-recovery-how-the-nber-determines-when-recessions-end/?mod=WSJBlog

Business Economists See Brighter Outlook for Job Growth

Business economists’ outlook for near-term hiring strengthened this spring to the highest mark in nearly three years, a new survey found.

Source: http://blogs.wsj.com/economics/2014/04/21/business-economists-see-brighter-outlook-for-job-growth/?mod=WSJBlog

Carolinas Lead National Fall in Unemployment Rate

The unemployment rate has fallen fast in the Carolinas. But the decline may not be the good omen it seems as the underlying reasons mirror broader trends that are causing some economists concern.
The Labor Department on Friday said South Carolina’s rate plunged 2.5 percentage points over the past year to a seasonally adjusted 5.5%, and North Carolina’s dropped 2.2 points to 6.3%, outpacing the rest of the country.

Source: http://blogs.wsj.com/economics/2014/04/18/carolinas-lead-national-fall-in-unemployment-rate/?mod=blogmod

Anti-Discrimination Laws Didn’t Help Older Men Get Back to Work

Tough age-discrimination laws didn’t do much to help older unemployed men find work during and after the recession, according to a recent analysis from the Federal Reserve Bank of San Francisco.  It actually may have hurt them.

Source: http://blogs.wsj.com/economics/2014/04/18/anti-discrimination-laws-didnt-help-older-men-get-back-to-work/?mod=marketbeat
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