Employed

Employed persons consist of:

• All people who did at least one hour of work for pay or profit during the survey reference week.
• All people who did at least 15 hours of unpaid work in a family-owned enterprise operated by someone in their household.
• All people who were temporarily away, whether they were on vacation, sick, or laid off^[24] from their regular jobs, including paid or unpaid absences.

Full-time employed persons work 35 hours or more, considering all jobs, while part-time employed persons work less than 35 hours.

Unemployed

Who is counted as unemployed?

• People are classified as unemployed if they do not have a job, have actively looked for work in the prior 4 weeks, and are currently available for work.
• Workers expecting to be recalled from layoff are sometimes counted as unemployed, depending on the specific interviewer.^[24] They are expected to be counted whether or not they have engaged in a specific job-seeking activity.
• In all other cases, the individual must have been engaged in at least one active job search activity in the 4 weeks preceding the interview and be available for work (except for temporary illness) in order to be counted as unemployed.

The number of people collecting unemployment benefits is much lower than the actual number of unemployed people, since some people are not eligible, or do not apply.^[25]

Labor force

Who is not in the labor force?

• Persons not in the labor force are those who are not classified as employed or unemployed during the survey reference week.
• Labor force measures are based on the civilian noninstitutional population 16 years old and over. (Excluded are persons under 16 years of age, all persons confined to institutions such as nursing homes and prisons, and persons on active duty in the Armed Forces.)
• The labor force is made up of the employed and those defined as unemployed. Expressed as a formula, the labor force equals employed plus unemployed persons.
• The remainder (those who have no job and have not looked for one in the last 4 weeks) are counted as "not in the labor force." Many who are not in the labor force are going to school or are retired. Family responsibilities keep some others out of the labor force.
• "Marginally attached" workers are those not in the labor force because they have not searched for a job in the prior 4 weeks. However, they have searched in the prior 12 months and are both available for work and want to do so. Most marginally attached workers are not searching due to being discouraged over job prospects or due to being in school.

Jobs created by Presidential term

Annual rate of change of unemployment rate over presidential terms in office. From President Truman onward, the unemployment rate fell by 0.8% with a Democratic president on average, while it rose 1.1% with a Republican.^[27]

Job creation is reported monthly and receives significant media attention, as a proxy for the overall health of the economy. Comparing job creation by President involves determining which starting and ending month to use, as recent Presidents typically begin in January, the fourth month into the last fiscal year budgeted by their predecessor. Journalist Glenn Kessler of The Washington Post explained in 2020 that economists debate which month to use as the base for counting job creation, between either January of the first term (the month of inauguration) or February. The Washington Post uses the February jobs level as the starting point. For example, for President Obama, the computation takes the 145.815 million jobs of February 2017 and subtracts the 133.312 million jobs of February 2009 to arrive at a 12.503 million job creation figure. Using this method, the five Presidents with the most job gains (in millions) were: Bill Clinton 22.745; Ronald Reagan 16.322; Barack Obama 12.503; Lyndon B. Johnson 12.338; and Jimmy Carter 10.117. Four of the top five were Democrats.^[28]

The Calculated Risk blog also reported the number of private sector jobs created by Presidential term. Over 10 million jobs were created in each of President Clinton's two terms during the 1990s, by far the largest number among recent Presidents. President Reagan averaged over 7 million in each term during the 1980s, while George W. Bush had negative job creation in the 2000s. Each of these Presidents added net public sector (i.e., government) jobs, except President Obama.^[29][30][31]

Writing in The New York Times, Steven Rattner compared job creation in the last 35 months under President Obama (2014-2016) with the first 35 months of President Trump (2017-2019, i.e., pre-coronavirus). President Obama added 227,000 jobs/month on average versus 191,000 jobs/month for Trump, nearly 20% more. The unemployment rate fell by 2 percentage points under Obama versus 1.2 points under Trump.^[32]

Coronavirus closures

In March 2020, during the 2020 COVID-19 pandemic, American unemployment saw a huge increase; claims in one week rose to 3.3 million from 281,000 on the previous week. The previous record for unemployment claims in one week was only about one fifth as high, at 695,000 claims in 1982.^[33]

More than 38 million Americans lost their jobs and applied for government aid,^[34][35] including nearly 4 million people in California,^[36] in the eight weeks since the coronavirus pandemic began.

Unemployment rates

• The unemployment rate (U-3), measured as the number of persons unemployed divided by the civilian labor force, rose from 5.0% in December 2007 to peak at 10.0% in October 2009, before steadily falling to 4.7% by December 2016 and then to 3.5% by December 2019.^[40] By August 2023, it reached 3.8 percent.^[41]

This measure excludes those who have not looked for work in the last 4 weeks and all other persons not considered as part of the labor force, which can distort its interpretation if a large number of working-aged persons become discouraged and stop looking for work.

• The unemployment rate (U-6) is a wider measure of unemployment, which treats additional workers as unemployed (e.g., those employed part-time for economic reasons and certain "marginally attached" workers outside the labor force, who have looked for a job within the last year, but not within the last 4 weeks). The U-6 rate rose from 8.8% in December 2007 to a peak of 17.1% in November 2009, before steadily falling to 9.2% in December 2016 and 7.6% in December 2018.^[42]
• The share of unemployed who have been out of work for 27 or more weeks (i.e., long-term unemployed) averaged approximately 19% pre-crisis; this peaked at 48.1% in April 2010 and fell to 24.7% by December 2016 and 20.2% by December 2018.^[43] Some research indicates the long-term unemployed may be stigmatized as having out-of-date skills, facing an uphill battle to return to the workforce.^[44]

Level of employment and job creation

• Civilian employment, one measure of the size of the employed workforce, expanded consistently during the 1990s, but was inconsistent during the 2000s due to recessions in 2001 and 2008–2009. From 2010 onward, it steadily rose through October 2017.^[45] For example, employment did not recover its January 2001 peak of 137.8 million until June 2003. Then, from the bubble-assisted peak in November 2007 of 146.6 million, 8.6 million jobs were lost due to the global economic crisis, with employment falling to 138.0 million. U.S. employment began rising thereafter and regained the pre-crisis peak by September 2014. By December 2016, civilian employment was 152.1 million, 5.5 million above the pre-crisis level and 14.1 million above the trough. By October 2017, 153.9 million were employed.^[46]
• From October 2010 to November 2015, the U.S. added a total of 12.4 million jobs, with positive job growth each month averaging 203,000, a robust rate by historical standards.^[46][47] Analysis of labor force trends for 2015 indicated that it was mainly persons that did not want jobs, rather than discouraged or marginally attached workers, which was slowing the rate of growth of the labor force.^[48]
• Job creation in 2014 was the best since 1999. As of October, the economy had added 2.225 million private sector jobs, and 2.285 million total jobs.^[49] In contrast, in 2018 the economy gained over 2.6 million total jobs including 312,000 in December alone. Such an accomplishment was largely due to consumer confidence, President Trump's stringent deregulation in the private sector and large tax cuts.^[50]
• Government employment (federal, state and local) was 22.0 million in November 2015, similar to August 2006 levels. This contrasts with steady increases in government employment 1980–2008.^[51] Federal government employment was 2.7 million in November 2015, also similar to pre-recession (2007) levels. It had risen roughly 200,000 workers in the aftermath of the crisis then fell back again.^[52]
• Labor market growth has fluctuated in 2023, slowing to 165,000 jobs in March and rebounding to 253,000 jobs in April. The number of jobs added is still down from this time in 2022 when 390,000 jobs were added to the economy.^[53]

Labor force participation

• The labor force participation rate (LFPR) is defined as the number of persons in the labor force (i.e., employed and unemployed) divided by the civilian population (aged 16+). This ratio has steadily fallen from 67.3% in March 2000 to 62.5% by May 2016.^[54] The decline is long-term in nature and is primarily driven by an aging country, as the Baby Boomers move into retirement (i.e., they are no longer in the labor force but are in the civilian population). Other factors include a higher proportion of working aged persons on disability or in school.^[55]

US Employment to population ratio, 1990–2021

• Another measure of workforce participation is the civilian employment-to-population ratio (EM Ratio), which fell from its 2007 pre-crisis peak of approximately 63% to 58% by November 2010 and partially recovered to 60% by May 2016. This is computed as the number of persons employed divided by the civilian population.^[56] This measure is also affected by demographics.
• Analysts can adjust for the effect of demographics by examining the ratio for those "prime-working aged" persons aged 25–54. For this group, LFPR fell from 83.3% in November 2007 to a trough of 80.5% in July 2015, before partially recovering to 81.8% in October 2017. The EM ratio for this group fell from its November 2007 level of 79.7% to a trough of 74.8% in December 2009, before recovering steadily towards 78.8% in October 2017. In both cases, the ratios had yet to reach their pre-crisis peaks, a possible indicator of "slack" in the labor market with some working-age persons on the sidelines.^[57][58]
• The Congressional Budget Office estimated that the U.S. was approximately 2.5 million workers below full employment as of the end of 2015 and 1.6 million at December 31, 2016, mainly due to lower labor force participation.^[16]
• In December 2015, the Bureau of Labor Statistics (BLS) reported the reasons why persons aged 16+ were outside the labor force, using the 2014 figure of 87.4 million: 1) Retired-38.5 million or 44%; 2) Disabled or Illness-16.3 million or 19%; 3) Attending school-16.0 million or 18%; 4) Home responsibilities-13.5 million or 15%; and 4) Other Reasons-3.1 million or 5%.^[14] As of February 2018, BLS characterizes an estimated 90 million of the 95 million people outside of the labor force as people who "do not want a job now" and stipulates that this number "includes some persons who are not asked if they want a job." BLS defines those who "do not want a job now" as people who have not looked for work within the last 4 weeks.^[59]
• Economist Alan Krueger estimated in 2017 that "the increase in opioid prescriptions from 1999 to 2015 could account for about 20 percent of the observed decline in men's labor force participation during that same period, and 25 percent of the observed decline in women's labor force participation." An estimated 2 million men in the age 25-54 age range who are outside the labor force took prescription pain medication daily during 2016.^[60]

Mix of full-time and part-time jobs

Total full time and part time payrolls

  Part time jobs

  Full time jobs

• The number of part-time workers jumped during 2008 and 2009 as a result of the recession, while the number of full-time workers fell. This pattern is consistent with previous recessions. From November 2007 to January 2010, the number of part-time workers increased by 3.0 million (from 24.8 million to 27.8 million), while the number of full-time workers fell by 11.3 million (from 121.9 million to 110.6 million). Between 2010 and May 2016, the number of part-time workers fluctuated between approximately 27–28 million, while the number of full-time workers recovered steadily to 123.1 million, above the pre-crisis peak.^[61] In other words, nearly all of the post-recession job creation was full-time.
• The share of full-time jobs was 83% in 2007, but fell to 80% by February 2010, recovering steadily to 81.5% by May 2016.^[62]
• The number of persons working part-time for economic reasons remained above the pre-crisis level as of August 2016. The number rose from 4.6 million in December 2007 (pre-crisis) to a peak of 9.7 million in March 2010, before falling to 6.0 million in August 2016. Measured as a percent of total employed in the private sector, the figures were 3.3%, 7.1%, and 4.0%, respectively.^[63] Federal Reserve Governor Lael Brainard cited this as an indicator of labor market slack in a September 2016 speech.^[64]
• Measured between 2005 and 2015, the net job creation was in alternative work arrangements (i.e., contract, temporary help, on-call, independent contractors or freelancers). Some of these workers may qualify as full-time (greater than 35 hours/week) while others are part-time. In other words, the number of workers in traditional jobs was essentially unchanged for 2005 and 2015, while the alternative work arrangement level increased by 9.4 million.^[65]
• Gallup measured the percent of workers with "good jobs" defined as "30+ hours per week for an employer who provides a regular paycheck." The ratio was around 42% during 2010 and rose to close to 48% during 2016 and 2017. This was measured between 2010 and July 31, 2017, after which Gallup discontinued routinely measuring it.^[66]

Persons with multiple jobs

The BLS reported that in 2017, there were approximately 7.5 million persons age 16 and over working multiple jobs, about 4.9% of the population. This was relatively unchanged from 2016. About 4 million (53%) worked a full-time primary job and part-time secondary job.^[67] A 2020 study based on a Census Bureau survey estimated a higher share of multiple jobholders, with 7.8% of persons in the U.S. working multiple jobs as of 2018; the study found that this percentage has been trending upward during the past twenty years and that earnings from second jobs are, on average, 27.8% of a multiple jobholder's earnings.^[68]

Other measures

The U.S. Federal Reserve tracks a variety of labor market metrics, which affect how it sets monetary policy. One "dashboard" includes nine measures, only three of which had returned to their pre-crisis (2007) levels as of June 2014.^[69][70] The Fed also publishes a "Labor market conditions index" that includes a score based on 19 other employment statistics.^[71][72]

Pace of recovery

Research indicates recovery from financial crises can be protracted relative to typical recessions, with lengthy periods of high unemployment and substandard economic growth.^[73][74] Compared against combined financial crises and recessions in other countries, the U.S. employment recovery following the 2007–2009 recession was relatively fast.^[75]

Effect of COVID-19 on increasing unemployment in 2020

Protests over responses to the 2020 coronavirus pandemic in Ohio on May 1, 2020

The outbreak of the COVID-19 pandemic has had a deep impact on the rate of unemployment in the United States. The World Economic Forum predicts a possible rise in the unemployment rate to 20%, a figure unseen since the Great Depression.^[76] The United States Congress has passed laws to provide unemployment benefits, such as the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020, the Families First Coronavirus Response Act, and the CARES Act. On May 8, 2020, the Bureau of Labor Statistics reported that 20.5 million non-farm jobs were lost and the unemployment rate rose to 14.7 percent in April.^[21] In mid-July 2020 marked the 17th week in a row that unemployment claims topped 1 million. The total unemployment claims filed since the beginning of the pandemic have moved up to 51 million, and the situation is still not optimistic since the complete reopening keeps being postponed.^[77] A record 4.3 million people (2.9% of the workforce) quit their jobs in August which is the highest quit rate since the report began in late 2000.^[78]

Women and marginalized individuals were particularly vulnerable to job loss during the COVID-19 pandemic.^[79] This loss was surprising because women and minoritized people made up the majority of “essential” workers throughout COVID-19.^[80] This division is most likely due to racism and sexism in the labor market, especially during recessions.^[81][82] Gezici and Ozay (2020) found that, during COVID-19, Black women were more than 4% more likely to be unemployed than White men, while Hispanic women were a little over 5% more likely.^[80] Even when an employee worked in a telecommutable job, Black and Hispanic women were more likely to be laid off from their job than White men.^[80]

The effects of gender hierarchies were exacerbated during the height of COVID-19.^[83] Women's unemployment was impacted more than men's, which is not the case during typical recessions.^[79] Mothers were likely to suffer from unemployment for several reasons, including daycare closures, household structures, and job flexibility based on gender.^[79] Among married couples, women are more likely to provide childcare than men even when they both work full time.^[79] This means that daycare closures disproportionately affected mothers because they were more likely to be expected to take care of their children. While most parents struggled, single mothers were most negatively impacted, partly because single-mother households make up 21% of all households in the United States as compared to only 4% of single-father households.^[79] Additionally, mothers were more affected than fathers because men are more likely to have flexible jobs, which allowed them to telecommute. 28% of men work in jobs where they are able to telecommute often, but only 22% of women work in these jobs.^[79] Women were at greater risk of contracting COVID-19 in critical (or essential) job positions and more likely to be let go because their work was less flexible.^[79]

Age

• The 2007–2009 recession resulted in the number employed falling across all age groups except those aged 55 and over, which continued to increase steadily. Those aged 16–19 were hit the hardest, with the number employed falling nearly 30% from pre-crisis levels, while other groups under 55 fell 5–10%. While the number employed in the 25–34 age group recovered to its pre-crisis (December 2007) level by January 2014 and continued to slowly rise, several under age 55 groups remained below pre-crisis levels as of May 2016.^[86]
• Unemployment rates for all age groups rose during the crisis, with the 16–24 year group rising from around 10% during 2007 to peak at 19.5% in 2010, before falling back to 10% by May 2016.^{[87][88][89][90]}

Gender

• Men accounted for at least 7 of 10 workers who lost jobs during the 2007–2009 recession, according to Bureau of Labor Statistics data.^[91] Men aged 25–54 have seen their labor force participation rate fall at all education levels for decades, although the decline was much more severe for those with less than a college education.^[84] As of September 2016, seven million US men between 25 and 54 were neither employed nor looking for work.^[92] These men tend to be younger, single, non-parents, and less educated. School, disability, level of education, incarceration, and a shift in industry mix away from traditionally male jobs like construction are among potential contributing factors.^[93]
• An estimated 40% of the prime working-age men not in the labor force report having pain that prevents them from working.^[94]
• The 2022 findings showed nearly half of unemployed U.S. men "have a criminal conviction by age 35, which makes it harder to get a job."^[95]

Education

• Unemployment rates historically are lower for those groups with higher levels of education. For example, in May 2016 the unemployment rate for workers over 25 years of age was 2.5% for college graduates, 5.1% for those with a high school diploma, and 7.1% for those without a high school diploma. Unemployment rates roughly doubled for all three groups during the 2008–2009 period, before steadily falling back to approximately their pre-crisis levels as of May 2016.^[96] The recovery has also favored the more educated in terms of employment and job creation. One study indicated that nearly all the 11.6 million net jobs created between 2010 and January 2016 were filled by those with at least some college education. Only 80,000 net jobs were created for those with a high school education or less.^[97]
• Employment levels have risen proportionally to educational attainment. From December 2007 (pre-crisis) to June 2016, the number of persons employed changed as follows: Bachelor's degree or higher +21%; some college or associate degree +4%; High school diploma only −9%; and less than high school diploma −14%.^[98] Labor force participation rates have also fallen more for men aged 25–54 with lower levels of education, as part of a long-term trend in lower labor force participation for men in that age group.^[99]

Race

U.S. employment levels by two key measures, the civilian employment level and total non-farm payroll. Changes in the latter are commonly reported as the number of jobs created or lost from month to month.

• In recent decades, Asians had the lowest unemployment rate as a racial group, followed by whites, Hispanics, and blacks.^[100] The New York Times reported some of the causes and consequences of higher black unemployment in February 2018: "Even at the low of 6.8 percent recorded in December [2017] — it climbed back to 7.7 percent in January — the unemployment level for black Americans would qualify as a near crisis for whites. And the relative gains have not erased disparities in opportunity and pay. A tight labor market alone can't undo a legacy of unequal school funding, residential segregation or the disproportionate rate of incarceration for black Americans. Nor can it reverse the gradual shift of well-paying jobs from inner cities to mostly white suburbs. Studies have found that discrimination in hiring and pay persists even in good economic times, making parity an elusive goal."^[101]
• The unemployment rate for African Americans rose from 7.6% in August 2007 to a peak of 17.3% in January 2010, before falling back to 8.2% by May 2016. For Latinos over the same periods, the rates were 5.5%, 12.9% and 5.6% respectively. For Asians, the rates were 3.4%, 8.4%, and 3.9%.^[102][103]
• Whites saw their employment levels fall more than non-whites over the 2007–2016 period, as a relatively larger number of white persons moved out of the prime working age (25–54) and into retirement. The number of white workers fell by approximately 700,000 from November 2007 (pre-crisis) to November 2016, while the number of workers of other races rose. Hispanics added approximately 4.9 million (+24%), Asian 2.3 million (+34%), and African Americans 2.3 million (+14%).^[104] These racial disparities may have helped the Trump campaign with the white working class voters in 2016.^[105] While the age 25–54 white population fell about 5% from November 2007 to November 2016, which would correspond with a declining number of whites employed, whites also had a larger decline in the employment to population ratio than non-whites.^[85]
• The unemployment rate among African Americans is usually twice that of whites, while Hispanics are between the two rates.^{[106][107][108][109]}

Native- or foreign-born

BLS statistics indicate foreign-born workers have filled jobs dis-proportionally to their share in the population.

• From 2000 to 2015: 1) Foreign-born represented 33% of the aged 16+ population increase, but represented 53% of the labor force increase and 59% of the employment increase; 2) The number of native-born employed increased by 5.6 million (5%) while the number of foreign-born employed increased by 8.0 million (47%); and 3) Labor force participation declined more for native-born (5 percentage points) versus foreign-born (2 percentage points).^[110][111]
• Comparing December 2007 (pre-crisis) to June 2016, the number of employed foreign-born is up 13.3%, while the number of native-born employed is up 2.1%.^[112]

Incarceration

The rate of unemployment in the U.S. with incarceration 1892–2016.^[113]

• The average annual weeks of work for ex-offenders are reduced by 5 weeks relative to a 42-week baseline, resulting in a 12% decrease in employment.
• Decline in employment for those who spent time in either jail or prison was 9.7% for young white men, 15.1% for young black men, and 13.7% for young Hispanic men.^[114]
• At the community level, local levels of incarceration have been found to have negative spillover effects on local labor markets (particularly in urban areas with higher proportions of Black residents), suggesting that carceral institutions can have indirect dampening effects on local employment.^[115]

Fiscal policy

The U.S. ran historically large annual debt increases from 2008 to 2013, adding over $1 trillion in total national debt annually from fiscal year 2008 to 2012. The deficit expanded primarily due to a severe financial crisis and recession. With a U.S. GDP of approximately $17 trillion, the spending implied by this deficit comprises a significant amount of GDP. Keynesian economics argues that when the economic growth is slow, larger budget deficits are stimulative to the economy. This is one reason why the significant deficit reduction represented by the fiscal cliff was expected to result in a recession.^[121][122]

However, the deficit from 2014 to 2016 was in line with historical average, meaning it was not particularly stimulative. For example, CBO reported in October 2014: "The federal government ran a budget deficit of $486 billion in fiscal year 2014...$195 billion less than the shortfall recorded in fiscal year 2013, and the smallest deficit recorded since 2008. Relative to the size of the economy, that deficit—at an estimated 2.8 percent of gross domestic product (GDP)—was slightly below the average experienced over the past 40 years, and 2014 was the fifth consecutive year in which the deficit declined as a percentage of GDP since peaking at 9.8 percent in 2009. By CBO's estimate, revenues were about 9 percent higher and outlays were about 1 percent higher in 2014 than they were in the previous fiscal year."^[123]

As part of the economic policy of Barack Obama, the United States Congress funded approximately $800 billion in spending and tax cuts via the February 2009 American Recovery and Reinvestment Act to stimulate the economy. Monthly job losses began slowing shortly thereafter. By March 2010, employment again began to rise. From March 2010 to September 2012, over 4.3 million jobs were added, with consecutive months of employment increases from October 2010 to December 2015. As of December 2015, employment of 143.2 million was 4.9 million above the pre-crisis peak in January 2008 of 138.3 million.^[124]

Monetary policy

Unemployment vs Inflation vs Inverted yield curve

  Unemployment rate

  Inflation CPI

  10 year bond minus 2 year bond Inverted yield curve

The U.S. Federal Reserve (the Fed) has a dual mandate to achieve full employment while maintaining a low rate of inflation. U.S. Federal Reserve interest rate adjustments (monetary policy) are important tools for managing the unemployment rate. There may be an economic trade-off between unemployment and inflation, as policies designed to reduce unemployment can create inflationary pressure, and vice versa. Debates regarding monetary policy during 2014–2015 centered on the timing and extent of interest rate increases, as a near-zero interest rate target had remained in place since the 2007–2009 recession. Ultimately, the Fed decided to raise interest rates marginally in December 2015.^[125] The Fed describes the type of labor market analyses it performs in making interest rate decisions in the minutes of the Federal Open Market Committee, its policy governing body, among other channels.^[126]

The U.S. Federal Reserve has taken significant action to stimulate the economy after the 2007–2009 recession. The Fed expanded its balance sheet significantly from 2008 to 2014, meaning it essentially "printed money" to purchase large quantities of mortgage-backed securities and U.S. treasury bonds. This bids up bond prices, helping keep interest rates low, to encourage companies to borrow and invest and people to buy homes. It planned to end its quantitative easing in October 2014 but was undecided on when it might raise interest rates from near record lows. The Fed also tied its actions to its outlook for unemployment and inflation for the first time in December 2012.^[127]

Liberal position

Liberals typically argue for government action or partnership with the private sector to improve job creation. Typical proposals involve stimulus spending on infrastructure construction, clean energy investment, unemployment compensation, educational loan assistance, and retraining programs. Liberals historically supported labor unions and protectionist trade policies. During recessions, liberals generally advocate solutions based on Keynesian economics, which argues for additional government spending when the private sector is unable or unwilling to support sufficient levels of economic growth.^[128][129]

Fiscal Conservative position

Fiscal Conservatives typically argue for market-based solutions, with less government restriction of the private sector. Typical proposals involve deregulation and income tax rate reduction. Conservatives historically have opposed labor unions and encouraged free-trade agreements. Conservatives generally advocate supply-side economics.^[128]

Poll data

The affluent are much less inclined than other groups of Americans to support an active role for government in addressing high unemployment. Only 19% of the wealthy say that Washington should ensure that everyone who wants to work can find a job, but 68% of the general public support that proposition. Similarly, only 8% of the rich say that the federal government should provide jobs for everyone able and willing to work who cannot find a job in private employment, but 53% of the general public thinks it should. A September 2012 survey by The Economist found those earning over $100,000 annually were twice as likely to name the budget deficit as the most important issue in deciding how they would vote than middle- or lower-income respondents. Among the general public, about 40% say unemployment is the most important issue while 25% say that the budget deficit is.^[130]

A March 2011 Gallup poll reported: "One in four Americans say the best way to create more jobs in the U.S. is to keep manufacturing in this country and stop sending work overseas. Americans also suggest creating jobs by increasing infrastructure work, lowering taxes, helping small businesses, and reducing government regulation." Further, Gallup reported that: "Americans consistently say that jobs and the economy are the most important problems facing the country, with 26% citing jobs specifically as the nation's most important problem in March." Republicans and Democrats agreed that bringing the jobs home was the number one solution approach, but differed on other poll questions. Republicans next highest ranked items were lowering taxes and reducing regulation, while Democrats preferred infrastructure stimulus and more help for small businesses.^[3]

Further, U.S. sentiment on free trade has been turning more negative. An October 2010 Wall Street Journal/NBC News poll reported that: "[M]ore than half of those surveyed, 53%, said free-trade agreements have hurt the U.S. That is up from 46% three years ago and 32% in 1999." Among those earning $75,000 or more, 50% now say free-trade pacts have hurt the U.S., up from 24% who said the same in 1999. Across party lines, income, and job type, 76–95% of Americans surveyed agreed that "outsourcing of production and manufacturing work to foreign countries is a reason the U.S. economy is struggling and more people aren't being hired".^[131]

The Pew Center reported poll results in August 2012: "Fully 85% of self-described middle-class adults say it is more difficult now than it was a decade ago for middle-class people to maintain their standard of living. Of those who feel this way, 62% say "a lot" of the blame lies with Congress, while 54% say the same about banks and financial institutions, 47% about large corporations, 44% about the Bush administration, 39% about foreign competition and 34% about the Obama administration."^[132]

2008–2009 debates

The debate around the American Recovery and Reinvestment Act of 2009 (ARRA), the approximately $800 billion stimulus bill passed due to the subprime mortgage crisis, highlighted these views. Democrats generally advocated the liberal position and Republicans advocated the conservative position. Republican pressure reduced the overall size of the stimulus while increasing the ratio of tax cuts in the law.

These historical positions were also expressed during the debate around the Emergency Economic Stabilization Act of 2008, which authorized the Troubled Asset Relief Program (TARP), an approximately $700 billion bailout package (later reduced to $430 billion) for the banking industry. The initial attempt to pass the bill failed in the House of Representatives due primarily to Republican opposition.^[133] Following a significant drop in the stock market and pressure from a variety of sources, a second vote passed the bill in the House.

2010–present debates

Tax policy

Infrastructure investment

Many experts advocate infrastructure investment, such as building roads and bridges and upgrading the electricity grid. Such investments have historically created or sustained millions of jobs, with the offset to higher state and federal budget deficits. In the wake of the 2008–2009 recession, there were over 2 million fewer employed housing construction workers.^[155] The American Society of Civil Engineers rated U.S. infrastructure a "D+" on their scorecard for 2013, identifying an estimated $3.6 trillion in investment ideas by 2020.^[156]

CBO estimated in November 2011 that increased investment in infrastructure would create between 1 and 6 jobs per $1 million invested; in other words, a $100 billion investment would generate between 100,000 and 600,000 additional jobs. President Obama proposed the American Jobs Act in 2011, which included infrastructure investment and tax breaks offset by tax increases on high income earners.^[157] However, it did not receive sufficient support in the Senate to receive a floor vote. During late 2015, the House and Senate, in rare bipartisan form, passed the largest infrastructure package in a decade, costing $305 billion over five years, less than the $478 billion in Obama's initial request. He signed the Fixing America's Surface Transportation Act into law in December 2015.^[158]

Tax policy

Lowering the costs of workers also encourages employers to hire more. This can be done via reducing existing Social Security or Medicare payroll taxes or by specific tax incentives for hiring additional workers. CBO estimated in 2011 that reducing employers' payroll taxes (especially if limited to firms that increase their payroll), increasing aid to the unemployed, and providing additional refundable tax credits to lower-income households, would generate more jobs per dollar of investment than infrastructure.^[159]

President Obama reduced the Social Security payroll tax on workers during the 2011–2012 period, which added an estimated $100 billion to the deficit while leaving these funds with consumers to spend. The U.S. corporate tax rate is among the highest in the world, although U.S. corporations pay among the lowest amount relative to GDP due to loopholes. Reducing the rate and eliminating loopholes may make U.S. businesses more competitive, but may also add to the deficit.^[155] The Tax Policy Center estimated during 2012 that reducing the corporate tax rate from 35% to 20% would add $1 trillion to the debt over a decade, for example.^[160]

Lower healthcare costs

Businesses are faced with paying the significant and rising healthcare costs of their employees. Many other countries do not burden businesses, but instead tax workers who pay the government for their healthcare. This significantly reduces the cost of hiring and maintaining the work force.^[155]

Energy policy and carbon price certainty

Various studies place the cost of environmental regulations in the thousands of dollars per employee. Americans are split on whether protecting the environment or economic growth is a higher priority. Regulations that would add costs to petroleum and coal may slow the economy, although they would provide incentives for clean energy investment by addressing regulatory uncertainty regarding the price of carbon.^[155]

President Obama advocated a series of clean energy policies during June 2013. These included: Reducing carbon pollution from power plants; Continue expanding usage of clean energy; raising fuel economy standards; and energy conservation through more energy-efficient homes and businesses.^[161]

Employment policies and the minimum wage

History of the US federal minimum wage. Lower line is nominal dollars. Top line is inflation-adjusted.^[162][163]

Advocates of raising the minimum wage assert this would provide households with more money to spend, while opponents recognize the impact this has on businesses', especially small businesses', ability to pay additional workers. Critics argue raising employment costs deters hiring. During 2009, the minimum wage was $7.25 per hour, or $15,000 per year, below poverty level for some families.^[155] The New York Times editorial board wrote in August 2013: "As measured by the federal minimum wage, currently $7.25 an hour, low-paid work in America is lower paid today than at any time in modern memory. If the minimum wage had kept pace with inflation or average wages over the past nearly 50 years, it would be about $10 an hour; if it had kept pace with the growth in average labor productivity, it would be about $17 an hour."^[164] The real value of the federal minimum wage in 2022 dollars has decreased by 46% since its inflation-adjusted peak in February 1968. The minimum wage would be $13.46 in 2022 dollars if its real value had remained at the 1968 level.^[162]

President Obama advocated raising the minimum wage during February 2013: "The President is calling on Congress to raise the minimum wage from $7.25 to $9 in stages by the end of 2015 and index it to inflation thereafter, which would directly boost wages for 15 million workers and reduce poverty and inequality...A range of economic studies show that modestly raising the minimum wage increases earnings and reduces poverty without jeopardizing employment. In fact, leading economists like Lawrence Katz, Richard Freeman, and Laura Tyson and businesses like Costco, Wal-Mart, and Stride Rite have supported past increases to the minimum wage, in part because increasing worker productivity and purchasing power for consumers will also help the overall economy."^[165]

The Economist wrote in December 2013: "A minimum wage, providing it is not set too high, could thus boost pay with no ill effects on jobs...America's federal minimum wage, at 38% of median income, is one of the rich world's lowest. Some studies find no harm to employment from federal or state minimum wages, others see a small one, but none finds any serious damage."^[166]

The U.S. minimum wage was last raised to $7.25 per hour in July 2009.^[167] As of December 2013, there were 21 states with minimum wages above the Federal minimum, with the State of Washington the highest at $9.32. Ten states index their minimum wage to inflation.^[168]

The CBO reported in February 2014 that increasing the minimum wage to $10.10 per hour between 2014 and 2016 would reduce employment by an estimated 500,000 jobs, while about 16.5 million workers would have higher pay. A smaller increase to $9.00 per hour would reduce employment by 100,000, while about 7.6 million workers would have higher pay.^[169]

Regulatory reform

Regulatory costs on business start-ups and going concerns are significant. Requiring laws to have sunset provisions (end-dates) would help ensure only worthwhile regulations are renewed. New businesses account for about one-fifth of new jobs added. However, the number of new businesses starting each year dropped by 17% after the recession. Inc. magazine published 16 ideas to encourage new startups, including cutting red tape, approving micro-loans, allowing more immigration, and addressing tax uncertainty.^[155]

Education policy

Education policy reform could make higher education more affordable and more attuned to job needs. Unemployment is considerably lower for those with a college education. However, college is increasingly unaffordable. Providing loans contingent on degrees focused on fields with worker shortages such as healthcare and accounting would address structural workforce imbalances (i.e., a skills mismatch).^[155] Federal Reserve Chair Janet Yellen stated in 2014: "Public funding of education is another way that governments can help offset the advantages some households have in resources available for children. One of the most consequential examples is early childhood education. Research shows that children from lower-income households who get good-quality pre-Kindergarten education are more likely to graduate from high school and attend college as well as hold a job and have higher earnings, and they are less likely to be incarcerated or receive public assistance."^[170]

Without the development of vastly different and innovative training methods and strategies, unemployment will rise in both blue collar and white collar sections of the US labor force due to the use of AI and other new technologies in increasingly automated workplaces. Latham and Humbert (2018) stated that when technological advances allow for an automated replacement of a position's essential job functions, the worker will be displaced, as the worker's skill set has become obsolete. The essential job functions are a critical element when determining the likelihood a job will be negatively impacted by automation or AI. “Skills that can easily be standardized, codified, or routinized are most likely to be automated.” (Latham & Humberd, 2018, p. 2).^[171]

To counter these trends emphasis must be placed on achieving higher return on investment from the US Department of Education. “Curriculums-from grammar school to college-should evolve to focus less on memorizing facts and more on creativity and complex communication. Vocational schools should do a better job of fostering problem-solving skills and helping students work alongside robots.” (Orszag & Tanenhaus, 2015, p. 14).^[172] By refocusing the education system to foster creativity as well as problem solving and critical thinking skills, people entering the US workforce would have valuable and sought after skills. People in the US need to evaluate if as a nation, enough is being done to ensure young people entering the workforce and the current workforce have the necessary skills to weather this massive transition to a more automated world.

Income inequality

Real GDP per household has increased while the real median income per household has not, indicating a trend of greater income inequality.^[173]

The union movement has declined considerably, one factor contributing to more income inequality and off-shoring. Reinvigorating the labor movement could help create more higher-paying jobs, shifting some of the economic pie back to workers from owners. However, by raising employment costs, employers may choose to hire fewer workers.^{[155][upper-alpha 1]}

Trade policy

Creating a level playing field with trading partners could help create more jobs in the U.S. Wage and living standard differentials and currency manipulation can make "free trade" something other than "fair trade." Requiring countries to allow their currencies to float freely on international markets would reduce significant trade deficits, adding jobs in developed countries such as the U.S. and Western Europe.^[155]

Long-term unemployment

CBO reported several options for addressing long-term unemployment during February 2012. Two short-term options included policies to: 1) Reduce the marginal cost to businesses of adding employees; and 2) Tax policies targeted towards people most likely to spend the additional income, mainly those with lower income. Over the long-run, structural reforms such as programs to facilitate re-training workers or education assistance would be helpful.^[174]

President's Council on Jobs and Competitiveness

President Obama established the President's Council on Jobs and Competitiveness in 2009. The Council released an interim report with a series of recommendations in October 2011. The report included five major initiatives to increase employment while improving competitiveness:

1. Measures to accelerate investment into job-rich projects in infrastructure and energy development;
2. A comprehensive drive to ignite entrepreneurship and accelerate the number and scale of young, small businesses and high-growth firms that produce an outsized share of America's new jobs;
3. A national investment initiative to boost jobs-creating inward investment in the United States, both from global firms headquartered elsewhere and from multinational corporations headquartered here;
4. Ideas to simplify regulatory review and streamline project approvals to accelerate jobs and growth; and,
5. Steps to ensure America has the talent in place to fill existing job openings as well as to boost future job creation.^[175]

Government as the employer of last resort

The government could also become the employer of last resort, just as central banks are the lenders of last resort.^{[176][177][178][179]} A job guarantee would maintain labor market stability and could establish full employment.^[180] This would introduce a shock absorber into the labor market. Full employment might also gain wider support among the electorate than a basic income policy.^[181]

Labor market recovery following 2007–2009 recession

CBO issued a report in February 2014 analyzing the causes for the slow labor market recovery following the 2007–2009 recession. CBO listed several major causes:

• "To a large degree, the slow recovery of the labor market reflects the slow growth in the demand for goods and services, and hence gross domestic product (GDP). CBO estimates that GDP was 7½ percent smaller than potential (maximum sustainable) GDP at the end of the recession; by the end of 2013, less than one-half of that gap had been closed. With output growing so slowly, payrolls have increased slowly as well—and the slack in the labor market that can be seen in the elevated unemployment rate and part of the reduction in the rate of labor force participation mirrors the gap between actual and potential GDP."
• "Of the roughly 2 percentage-point net increase in the rate of unemployment between the end of 2007 and the end of 2013, about 1 percentage point was the result of cyclical weakness in the demand for goods and services, and about 1 percentage point arose from structural factors; those factors are chiefly the stigma workers face and the erosion of skills that can stem from long-term unemployment (together worth about one-half of a percentage point of increase in the unemployment rate) and a decrease in the efficiency with which employers are filling vacancies (probably at least in part as a result of mismatches in skills and locations, and also worth about one-half of a percentage point of the increase in the unemployment rate)."
• "Of the roughly 3 percentage-point net decline in the labor force participation rate between the end of 2007 and the end of 2013, about 1½ percentage points was the result of long-term trends (primarily the aging of the population), about 1 percentage point was the result of temporary weakness in employment prospects and wages, and about one-half of a percentage point was attributable to unusual aspects of the slow recovery that led workers to become discouraged and permanently drop out of the labor force."
• "Employment at the end of 2013 was about 6 million jobs short of where it would be if the unemployment rate had returned to its prerecession level and if the participation rate had risen to the level it would have attained without the current cyclical weakness. Those factors account roughly equally for the shortfall."^[186]

Comparison of employment recovery across recessions and financial crises

One method of analyzing the impact of recessions on employment is to measure the period of time it takes to return to the pre-recession employment peak. By this measure, the 2008–2009 recession was considerably worse than the five other U.S. recessions from 1970 to present. By May 2013, U.S. employment had reached 98% of its pre-recession peak after approximately 60 months.^[187] Employment recovery following a combined recession and financial crisis tends to be much longer than a typical recession. For example, it took Norway 8.5 years to return to its pre-recession peak employment after its 1987 financial crisis and it took Sweden 17.8 years after its 1991 financial crisis. The U.S. is recovering considerably faster than either of these countries.^[74]

Share of full-time and part-time workers

The ratio of full-time workers was 86.5% in January 1968 and hit a historical low of 79.9% in January 2010. There is a long-term trend of gradual reduction in the share of full-time workers since 1970, with recessions resulting in a decline in the full-time share of the workforce faster than the overall trend, with partial reversal during recovery periods. For example, as a result of the 2007–2009 recession, the ratio of full-time employed to total employed fell from 83.1% in December 2007 to a trough of 79.9% in January 2010, before steadily rising to 81.6% by April 2016. Stated another way, the share of part-time employed to total employed rose from 16.9% in December 2007 to a peak of 20.1% in January 2010, before steadily falling to 18.4% in April 2016.^[62]

There is a trend towards more workers in alternative (part-time or contract) work arrangements rather than full-time; the percentage of workers in such arrangements rose from 10.1% in 2005 to 15.8% in late 2015. This implies all of the net employment growth in the U.S. economy (9.1 million jobs between 2005 and 2015) occurred in alternative work arrangements, while the number in traditional jobs slightly declined.^[65][119]

What job creation rate is required to lower the unemployment rate?

International labor force size comparisons

The U.S. civilian labor force was approximately 155 million people during October 2012.^[6] This was the world's third largest, behind China (795.5 million) and India (487.6 million). The entire European Union employed 228.3 million.^[194]

Effect of disability recipients on labor force participation measures

The number of people receiving Social Security disability benefits (SSDI) increased from 7.1 million in December 2007 to 8.7 million in April 2012, a 22% increase. Recipients are excluded from the labor force. Economists at JPMorgan Chase & Co. and Morgan Stanley estimated this explained as much as 0.5 of the 2.0 percentage point decline in the U.S. labor-force participation rate during the period.^[195]

Effects on health and mortality

Unemployment can have adverse health effects. One study indicated that a 1% increase in the unemployment rate can increase mortality among working-aged males by 6%. Similar effects were not noted for women or the elderly, who had lower workforce attachment. The mortality increase was mainly driven by circulatory health issues (e.g., heart attacks).^[196] Another study concluded that: "Losing a job because of an establishment closure increased the odds of fair or poor health by 54%, and among respondents with no preexisting health conditions, it increased the odds of a new likely health condition by 83%. This suggests that there are true health costs to job loss, beyond sicker people being more likely to lose their jobs."^[197] Extended job loss can add the equivalent of ten years to a person's age.^[198]

Studies have also indicated that worsening economic conditions can be associated with lower mortality across the entire economy, with slightly lower mortality in the much larger employed group offsetting higher mortality in the unemployed group. For example, recessions might include fewer drivers on the road, reducing traffic fatalities and pollution.^[198]

Effects of healthcare reform

CBO estimated in December 2015 that the Patient Protection and Affordable Care Act (also known colloquially as "Obamacare") would reduce the labor supply by approximately 2 million full-time worker equivalents (measured as a combination of persons and hours worked) by 2025, relative to a baseline without the law. This is driven by the law's health insurance coverage expansions (e.g., subsidies and Medicaid expansion) plus taxes and penalties. With access to individual marketplaces, fewer persons are dependent on health insurance offered by employers.^[199]

Job growth projections 2016–2026

BLS forecast ranking of the top 10 fastest growing occupations over the 2016-2026 period is dominated by healthcare jobs.

The U.S. Bureau of Labor Statistics (BLS) reported on October 24, 2017, its projections of job growth by industry and job type over the 2016–2026 period. Healthcare was the industry expected to add the most jobs, driven by demand from an aging population. The top three occupations were: personal care aides with 754,000 jobs added or a 37% increase; home health aids with 425,600 or 47%; and software developers at 253,400 or 30.5%.^[200]

BLS also reported that: "About 9 out of 10 new jobs are projected to be added in the service-providing sector from 2016 to 2026, resulting in more than 10.5 million new jobs, or 0.8 percent annual growth. The goods-producing sector is expected to increase by 219,000 jobs, growing at a rate of 0.1 percent per year over the projections decade." BLS predicted that manufacturing jobs would decline by over 700,000 over that period.^[200]

Monthly jobs reports

U.S. employment statistics are reported by government and private primary sources monthly, which are widely quoted in the news media. These sources use a variety of sampling techniques that yield different measures.

• The U.S. Bureau of Labor Statistics (BLS) provides a monthly "Employment Situation Summary." For example, BLS reported for December 2012 that: "Nonfarm payroll employment rose by 155,000 in December, and the unemployment rate was unchanged at 7.8 percent...Employment increased in health care, food services and drinking places, construction, and manufacturing."^[201]
• Automatic Data Processing (ADP) also provides a "National Employment Report." For the December 2012 period, ADP reported a 215,000 non-farm payroll increase.^[202]

Several secondary sources also interpret the primary data released.

• The Center on Budget and Policy Priorities provides a monthly "Statement" on the BLS Situation Summary. The CBPP wrote in January 2013: "[December 2012] is the 34th straight month of private-sector job creation, with payrolls growing by 5.3 million jobs (a pace of 157,000 jobs a month) since February 2010; total nonfarm employment (private plus government jobs) has grown by 4.8 million jobs over the same period, or 141,000 a month. Total government jobs fell by 546,000 over this period, dominated by a loss of 395,000 local government jobs."^[203]

Federal Reserve Database (FRED)

The FRED database contains a variety of employment statistics organized as data series. It can be used to generate charts or download historical information. Data series include labor force, employment, unemployment, labor force participation, etc. The Bureau of Labor Statistics (BLS) also releases employment statistics. Some popular data series include:

• FRED – Civilian Labor Force
• FRED – Civilian Labor Force Participation Rate CIVPART
• FRED – Civilian Unemployment Rate UNRATE
• FRED – Civilian Unemployed UNEMPLOY

Job creation in the U.S. is typically measured by changes in the "Total Non-Farm" employees.

• FRED – Total Non-Farm Employment

FRED has gathered many of the employment statistics on one page for easy access:

• FRED-Unemployment Series

Unemployment rate forecasts

The Congressional Budget Office provides an unemployment rate forecast in its long term budget outlook. During August 2012, it projected that the unemployment rate would be 8.8% in 2013 and 8.7% in 2014. CBO projected the rate would then begin falling steadily to 5.5% by 2018 and remain around that level through 2022. This forecast assumes annual real GDP growth will exceed 3% between 2014 and 2018.^[204] During December 2012, Wells Fargo Economics forecast that the unemployment rate would be 7.8% in 2013 and 7.6% in 2014. This forecast assumes real GDP growth would be 1.4% in 2013 and 2.5% in 2014.^[205]

Off-shoring statistics

The Department of Labor's Employment and Training Administration (ETA) prepares an annual report on those petitioning for trade adjustment assistance, due to jobs lost from international trade. This represents a fraction of jobs actually off-shored and does not include jobs that are placed overseas initially or the collateral impact on surrounding businesses when, for example, a manufacturing plant moves overseas. During 2011, there were 98,379 workers covered by petitions filed with ETA.^[206] The figure was 280,873 in 2010,^[207] 201,053 in 2009 and 126,633 in 2008.^[208]

High-frequency labor market data

Sources of U.S. labor market data that are available at a higher frequency and with shorter lags than traditional sources include unemployment insurance claims, online job posting statistics, Homebase data on hours worked, and the Real-Time Population Survey.^[209]

Unemployment in the United States

Unemployment is defined as the number of able men and women of working age seeking employment. When unemployment percentages are shown it does not categorize all men and women who are out of work. It only accounts for the men and women who are actively seeking employment. To those who are no longer looking for work they are simply categorized as "out of the workforce". As of February 2018 the unemployment rate for the United States was 4.1%. The below is a list of unemployment rates from the Bureau of Labor Statistics since 2000.

As of 2010 in the United States, 123 million women age 16 years and over have worked in the U.S., 72 million, or 58.6 percent, were working or looking for work. Women are projected to account for 51% of the increase in total labor force growth between 2008 and 2018. As of 2010 Women make up 47% of the total U.S. labor force. 66 million women were employed in the U.S. 73% of employed women worked on full-time jobs, while the remainder 27% worked part-time. The different career paths women work in were: 40.6% management, professional, and related occupations, 32% worked in sales and office occupations, 21.3% in service occupations, 5.2% in production, transportation, and material moving occupations, and 0.9% in natural resources, construction, and maintenance occupations. The largest percentage of employed Asian 46.1%, white 40.6%, and black women 33.8%. Hispanic women showed their strongest attachment to service occupations at 33.2%. The unemployment rate for women was 8.6%. Among female race/ethnic groups, Asian women continue to have the lowest unemployment rate of 7.5%. For white women, it was 7.7%, Hispanic women 12.3%, and black women, 13.8 percent.^[216]

Notes

Citations

Graphs and data

• AnyStats.com - US Unemployment Custom Reports
• BLS Chartbook on Employment Measures – December 2016
• Bloomberg-Fed Chair Janet Yellen's Employment Dashboard-August 2015
• Bureau of Labor Statistics
• US Unemployment Data – Current and historical unemployment data by various demographics
• Historical US Unemployment Rate Chart – interactive chart for U.S. unemployment rate data – 1948 to present including subcategories
• BLS-Job Openings and Labor Turnover Survey-October 2013
• FRB Atlanta-Labor Force Participation Dynamics-Interactive Data

Other resources

• Federal Reserve Bank of Saint Louis – Making Sense of Unemployment Data – February, 2016
• Summers, Lawrence H. (2008). "Unemployment". In David R. Henderson (ed.). Concise Encyclopedia of Economics (2nd ed.). Library of Economics and Liberty. ISBN 978-0865976658. OCLC 237794267.
• Unemployment Benefits Comparison By State
• Looking for Work: A History of Unemployment – an hour-long history public radio program exploring U.S. unemployment over more than three centuries
• Ben Bernanke-Recent Developments in the Labor Market–March 2012
• NYT Graphic-Pay and Productivity Trends 1947 to Present
• Monthly Labor Review-The Compensation-Productivity Gap: A Visual Essay-January 2011
• Demos-Why is Washington Reducing the Deficit Instead of Creating Jobs? – December 2012
• Economic Policy Institute-State of Working America 12th Edition-2012
• BLS Economists Moncarz and Wolf: Service-providing occupations, offshoring and the labor market-Monthly Labor Review-December 2008
• Wells Fargo Economics-2013 Economics Outlook-December 2013
• Center on Budget and Policy Priorities-December 2012 Jobs Report
• President's Council on Jobs and Competitiveness-Interim Report-October 2011
• Economic Report of the President – Chapter 4 – Jobs, Workers and Skills
• McKinsey Global Institute-An Economy that Works, Job Creation and America's Future-June 2011
• Congressional Research Service – The Increase in Unemployment Since 2007 – Is it Cyclical or Structural?-April 2011