Economy

Construction workers remain the hardest hit of all American workers, according to today's job numbers. This sector has a staggering unemployment rate of 12.8 percent, the highest of any corner of the U.S. economy. That rate is mercifully down from 15.6 percent at this time last year, but remains...
07/06/2012
Blog
If Europe continues its steady march to financial depression and collapse of the Euro, no politician will be more to blame than German Chancellor Angela Merkel. Last week, Merkel repeated the same pattern that has characterized her behavior since the sovereign debt crisis began -- resisting...
07/02/2012
Blog
Most of us with 401(k) plans watched in horror as our retirement savings plummeted in the stock market crash of 2008. That year, the average 401(k) balance dropped by a third, forcing older Americans to delay retirement or cut back on spending. Since then, as the market rebounded, some of our...
06/27/2012
News/Resource
(Flickr/John-Morgan) Last year, armed with data from BEA, BLS, and The Tax Foundation, I explored an age-old question: Do lower taxes translate to higher growth? After culling figures from states as varied as Texas, Minnesota, Alaska and Utah, I found that, in fact, the conservative trope "is not...
06/26/2012
Blog
Marc Tucker at Education Week wrote this week that STEM education makes no sense. His article starts with a provocative premise and quickly moves to common sense worth mulling over. Tucker is not questioning the importance of STEM skills. Rather he is saying that our emphasis on them as the latest...
06/20/2012
Blog
The recent Fed report on household wealth contains yet more evidence of how distorted and unequal the U.S. economy has become. The big headline around the study, which comes out every three years, has been that the household wealth of Americans dropped by 40 percent between 2007 and 2010, and is...
06/13/2012
Blog
One fact about America's unemployment crisis that is easy to forget is that large numbers of new workers keep entering the labor force. Solving the jobs crisis means not just finding jobs for existing unemployed workers, but also for all the freshly minted workers who graduate from college and...
06/11/2012
Blog
All across the country this week, graduation ceremonies will strive to provide America’s newest high school and college graduates with inspirational messages about perseverance, hope and ambition. It’s a message that is getting harder to say with a straight face, particularly in the...
06/11/2012
Blog
A few weeks ago Bob Herbert sat down with 20 students from a public school in the Bronx and asked them to talk about their lives -- young lives lived in poverty. Kids aged 13 and 14. Their stories were shocking.   Herbert wrote about the interview in these pages, and about our nation's failure...
05/31/2012
Blog
Here’s a question that you probably don’t want to answer honestly: What fees are you being charged by your 401(k) plan? Don’t feel bad if you haven’t got a clue, because that puts you in the majority. An AARP study a few years back found that 65 percent of 401(k) account-...
05/30/2012
Blog
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