America's official unemployment rate has declined sharply after rocketing up last year, but top government economic officials are increasingly citing a different figure — one that puts the jobless rate at nearly 10 percent, well above its official 6.3 percent reading and roughly matching its 2009 peak.
That emphasis on an alternative statistic, espoused by leaders including the Federal Reserve chair, Jerome H. Powell, and Treasury Secretary Janet Yellen, underlines both the very unusual nature of the coronavirus shock and a long-running shift in the way that economists think about weakness in the labor market.
Other things to check out:
Opinion | Alaskans are trapped between our economics and our climate - The Washington Post
Frank Soos is retired from the University of Alaska, where he taught English and creative writing.
It's midwinter in Fairbanks, Alaska, and my cross-country-skiing friends and I are taking a break on a 12-mile tour along dog-sled-mushing, fat-tire-biking and snow-machining trails. Just now we're at a spot where the woods open onto the edge of a big hayfield, a field covered with an unblemished blanket of snow.
Yes, the warm past week had been weather, not climate. But when all is said and done, when the data is compiled, it will confirm an unavoidable fact. Our winter temperatures are creeping higher every year, and the plunges to minus-40 or below are scarcer and scarcer.
Governor Wolf Unveils Workforce and Economic Development Plan to Get Pennsylvania Back to Work
The COVID-19 global pandemic has significantly affected Pennsylvania workers, businesses and communities. To bolster economic recovery efforts and position Pennsylvania for economic growth, Governor Tom Wolf today unveiled his "Back to Work PA" plan.
"Pennsylvania needs a comprehensive, forward-thinking plan to jumpstart our economy and support our workforce," Gov. Wolf said. "Back to Work PA will make strategic and comprehensive investments to build a stronger and more diverse workforce, support Pennsylvania businesses while attracting businesses to the commonwealth, and assist communities with economic recovery efforts – all of which will help us get back on track and build a brighter future for Pennsylvania."
Ankura expands economics expertise | ICLG
A product liability litigator with substantial in-house experience in the medical technology industry has arrived at Greenberg Traurig on the US East Coast.
An Orrick partner with nearly three decades’ disputes experience will shortly join Addleshaw Goddard in London.
A white-collar practitioner with deep experience in private practice and as a public prosecutor has joined Blank Rome from a DC disputes boutique.
And here's another article:
On the Post-Pandemic Horizon, Could That Be an Economic Boom? - The New York Times
The U.S. economy remains mired in a pandemic winter of shuttered storefronts, high unemployment and sluggish job growth. But on Wall Street and in Washington, attention is shifting to an intriguing if indistinct prospect: a post-Covid boom.
Forecasters have always expected the pandemic to be followed by a period of strong growth as businesses reopen and Americans resume their normal activities. But in recent weeks, economists have begun to talk of something stronger: a supercharged rebound that brings down unemployment, drives up wages and may foster years of stronger growth.
Pune health brief, Feb 23: New course in health economics; free computer training; and more |
Gokhale Institute of Politics and Economics, one of the renowned research institutes of the country, will introduce the first of its kind M Sc degree course in Population Studies and Health Economics from this academic year. The Institute hosts one of the oldest Population Research Centres.
“The Institute has been working in the area of health for a fairly long time so this is the right place to offer such a course that gives the blend of both Health and Economics to the students," she said.
Yale economists: These 1% steps can reform healthcare
A series of 1 percent solutions could collectively lower healthcare costs by hundreds of billions of dollars, according to an article published in Health Affairs .
The article, written by Zack Cooper, PhD, an associate professor at the Yale School of Public Health in New Haven, Conn., and Fiona Scott Morton, PhD, the Theodore Nierenberg Professor of Economics at the Yale University School of Management, examined what incremental healthcare reform could look like.
Student Reflects on High-profile Economics Presentation | News | UMN Duluth
Twice a year—in the fall and spring—a Labovitz School of Business and Economics (LSBE) student has presented information on the local economy to a crowd of between 200 and 300 regional business people, government officials, and other students, faculty, and staff from our area's colleges. The students are part of the Regional Economic Indicators Forum (REIF), which, prior to COVID-19, was held at the Duluth Entertainment Convention Center (DECC).
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