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Kocherlakota Says Fed Still Missing Inflation, Jobs Goals

U.S. inflation has remained consistently below the Federal Reserve‘s 2% inflation target and is forecast to continue doing so, while the broader economy is still “some way” from full employment, Minneapolis Fed President Narayana Kocherlakota said Friday.
In a speech primarily focused on community banking, Mr. Kocherlakota nonetheless offered some flavor of the economic views that have turned him into one of the most dovish members of the central bank’s policy-setting Federal Open Market Committee.

Source: http://blogs.wsj.com/economics/2014/08/15/kocherlakota-says-fed-still-missing-inflation-jobs-goals/?mod=marketbeat

The Truth About Retirement for Baby Boomers

One of the biggest changes in the U.S. labor market over the past two decades has been the increasing number of people working over the age of 55. From the end of World War II until the early 1990s, a smaller and smaller share remained in the labor force but since the 1990s that trend reversed.
In 1993, only 29% of people that age were in the labor force. The vast majority were retired. But participation has been rising and by 2012 more than 41% of that age group were still in the labor force, the highest since the early 1960s.

Source: http://blogs.wsj.com/economics/2014/08/14/the-truth-about-retirement-for-baby-boomers/?mod=WSJBlog

U.S. Job Openings Hit 13-Year High

The number of job openings across the U.S. economy reached a 13-year high in June and workers showed increasing willingness to quit, signaling steady improvement in the labor market.

Source: http://blogs.wsj.com/economics/2014/08/12/rising-job-openings-quits-point-to-strengthening-labor-market/?mod=WSJ_EC_RT_Blog

White House: Labor Market About 80% Back to Precrisis Level

A range of unemployment measures show the U.S. labor market is about 80% back to the level before the financial crisis, a sign the economy is steadily healing five years after the official end of the recession, top White House economic officials said Friday.

Source: http://blogs.wsj.com/economics/2014/08/08/white-house-labor-market-about-80-back-to-precrisis-level/?mod=blogmod

IMF: Right Policies Could Reverse Some of U.S. Labor Force Decline

The shrinking pool of workers in the U.S. job market is due in part to demographic shifts. But a substantial part of it can be addressed by policies that boost economic growth and productivity, says an economist at the International Monetary Fund.

Source: http://blogs.wsj.com/economics/2014/08/08/imf-right-policies-could-reverse-some-of-u-s-labor-force-decline/?mod=WSJBlog
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