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The Economist (November 2)

2017/ 11/ 03 by jd in Global News

“On some measures, Japan’s labour market is as tight as it has been since the 1970s. America’s jobless rate, at 4.2%, is the lowest for over 16 years. Inflation has nevertheless been surprisingly weak. In other words, the trade-off between unemployment and inflation, known as the Phillips curve, has become less steep.”

 

The Economist (April 30)

2016/ 05/ 02 by jd in Global News

Developed in the wake of the Great Depressions and World Wars, gross domestic product (GDP) was originally designed “to measure the economy’s capacity to produce. Since then, GDP has become a lodestar for policies to set taxes, fix unemployment and manage inflation.” The metric can be inaccurate and is often overstretched. More robust benchmarks must be developed and this will require “a revolution in national statistical agencies as bold as the one that created GDP in the first place”.

 

New York Times (August 2)

2015/ 08/ 03 by jd in Global News

Millenials are “the most educated generation in history,” but this same generation is “on track to becoming less prosperous, at least financially, than its predecessors.” Millenials “are faced with a slow economy, high unemployment, stagnant wages and student loans that constrict their ability both to maintain a reasonable lifestyle and to save for the future.” On top of that, previous generations are burying them under government debt and insufficiently funded obligations.

 

Washington Post (March 11)

2015/ 03/ 13 by jd in Global News

An “epidemic of stagnant wages” continues in the U.S. despite robust job growth. In February, the “official unemployment fell to its lowest rate since early 2008. Wages, however, increased by an anemic 0.1 percent. Over the previous 12 months, they increased just 2 percent. Factoring in inflation, they’ve barely increased at all.”

 

Bloomberg (January 2)

2015/ 01/ 03 by jd in Global News

“Venezuela had a banner year in 2014: the world’s highest misery index (inflation plus unemployment), a fresh recession, and a currency whose black-market value plunged faster than even the Russian ruble…. Unfortunately, President Nicolas Maduro doesn’t seem to have any good ideas — any ideas at all, really — for improving things.”

 

Financial Times (November 19)

2014/ 11/ 20 by jd in Global News

“After three years of near stagnation and with unemployment stuck at double digit levels, it is increasingly clear that the eurozone’s political and economic crisis will intensify if there is no boost to growth.”

 

Wall Street Journal (October 29)

2014/ 10/ 29 by jd in Global News

Spain may be Europe’s “only real turnaround story in this crisis.” Growth looks poised to hit 1.3% for 2014. “The economy added 151,000 jobs, and unemployment fell 0.8 percentage points.” But Spain remains a qualified success. At 23.7%, the unemployment rate is “still a numbing figure, but well down from last year’s 26%.”

 

Institutional Investor (July 23)

2014/ 07/ 25 by jd in Global News

However you look at it, “positive inflation momentum is apparent” in the U.S. From the top down, unemployment has fallen. As slack lessens, “we may begin to see signs of this tightening appear in the form of wage growth.” And from the bottom up, there were “multiple factors that pushed inflation lower over the past 12 to 18 months: predominantly, disinflation from medical and core goods components.” But these were driven by unique events like the sequester and the strength of the U.S. dollar. “Neither the medical nor the core goods component is likely to be a drag on inflation going forward.”

 

Reuters (June 27)

2014/ 06/ 29 by jd in Global News

With unemployment hitting a 16-year low, Japan’s surprisingly strong job market may provide the nation with needed momentum. “Analysts expect the economy to contract in the second quarter due to the tax hike…. The contraction could be more severe given the weak spending data, although the strong job market and an expected increase in summer bonus payments will underpin spending.”

 

New York Times (May 6)

2014/ 05/ 06 by jd in Global News

“French officials should not seek to block G.E. simply because it’s based in Connecticut.” The protectionist arguments being used to thwart the sale of Alstom’s energy business “can only discourage non-European businesses from investing in France, further damaging a sluggish economy that already suffers from a 10.4 percent unemployment rate.”

 

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