Real GDP growth, slow since the recession ended in June 2009, can finally start to take off if labor productivity increases, says James Bullard.
President James Bullard explains why the St. Louis Fed has adopted a new approach to near-term projections for the U.S. macroeconomy and for the fed funds rate.
The labor force participation rate for married men has dropped, while the rate for married women has risen. Husbands may be working part time or even staying out of the workforce, while wives—who have become more educated—are more likely to work full time.
Limor Golan, Andrés Hincapié
In this study, the gap is compared from one generation to the next. The changes in the wage gap are linked to changes in labor supply and to “statistical discrimination”—when women pay a price because many other women are less attached to the workforce than men are.
Where do most of our immigrants come from? Which are the most popular and least popular states for settlement? These are not just trivia contest questions—the answers are important for those who make policy and budget decisions on the state and federal levels.
Family wealth generally increases with education. But new research shows that race and ethnicity can greatly affect the relative payoff. There’s a gap—sometimes wide—between the wealth of Hispanics and African-Americans and the wealth of whites and Asians at every education level, from those with only a high school diploma to those with an advanced degree.
There is a high probability that real GDP growth in the third quarter will be much stronger than in the first half of the year. Forecasters see this solid growth carrying over to the fourth quarter, as well as to the first half of next year.
Some believe the decline is due to discouraged workers' dropping out of the labor force. A review of national and District statistics, however, suggests that demographic changes—such as aging workers and adults spending more years in college—can explain this trend.
The education and health services sector is the largest employer in the metro area these days. Manufacturing, especially that related to the auto industry, is still strong but not what it once was. Another challenge is the area’s slow population growth.