Should Jerome Powell put on his Paul Volcker outfit and push interest rates through the roof? I would argue that, while modest rate hikes are appropriate, it is too soon to bring out the heavy artillery.
The reduction in government jobs during the pandemic continues a long-term trend in the public sector, according to experts, and could lead to the widening of the racial wealth gap in the country if left unaddressed.
Asha Banerjee, Margaret Poydock, Celine McNicholas, Ihna Mangundayao, and Ali Sait
Economic Policy Institute
High unionization levels are associated with positive outcomes across multiple indicators of economic, personal, and democratic well-being. Unions give workers a voice at work, and also give workers a voice in shaping their communities
The rise in the index of aggregate hours would be equivalent to more than 630,000 jobs with no changes in workweeks. Drop in unemployment in Novembers were largest for the groups that face labor market discrimination.