Showing results 1 - 10 of 10
| Jason Furman | Willie Powell
May 7, 2021, Opinion: "The United States added 266,000 jobs in April while the unemployment rate rose slightly to 6.1 percent with the realistic unemployment rate, which adjusts for misclassification and the unusual decline in labor force participation, falling to 7.6 percent as more people entered the labor market. The economy was still 10 million jobs short of its pre-pandemic trend in April with the employment rate down 3.2 percentage points…
| Joseph Fuller
2021, Paper: "As the structure and makeup of the American workforce shift, the education and training system has lagged behind the rate of economic change. Yet, there is a clear appetite among learners, workers, employers, and funders for new models of working and learning. The demand for new models has only accelerated during the [Coronavirus Disease 2019] COVID-19 pandemic, as Americans indicate more interest in pursuing non-degree options…
| George Borjas
April 2021, Paper: "Immigrant supply shocks are typically expected to reduce the wage of comparable workers. Natives may respond to the lower wage by moving to markets that were not directly targeted by immigrants and where presumably the wage did not drop. This paper argues that the wage change observed in the targeted market depends not only on the size of the native response, but also on which natives choose to respond. A non-random response…
| Jason Furman | Willie Powell
March 5, 2021, Opinion: "The labor market improved in February 2021 as employers added 379,000 jobs, leaving the economy at 11.9 million jobs below its pre-pandemic trend. At the same time the unemployment rate fell to 6.2 percent. Throughout the pandemic the official unemployment rate has been kept down by a misclassification error and the unusually large withdrawal of millions of people from the workforce. Our estimate of the realistic…
| Dani Rodrik
December 8, 2020, Opinion: "Long before the pandemic, the United States had been losing middle-class jobs, owing to automation, deindustrialization, global competition, and the advent of the “gig economy.” Fortunately, if President-elect Joe Biden's administration heeds the evidence about what works, it can mitigate this trend and boost economic recovery."…
| Jason Furman
December 4, 2020, Opinion: "The US economy added 245,000 jobs in November, continuing the slower pace seen in recent months—even as the economy remains 10 million jobs short of its February peak and 11 million short of trend. And while the official unemployment fell from 6.9 percent in October to 6.7 percent in November, the underlying employment situation deteriorated as the labor force participation rate and employment-population ratio both…
| Jason Furman
June 18, 2020, Paper, "Thank you for the opportunity to testify on the unemployment situation and the critical role that unemployment insurance plays in helping to protect workers who have lost their jobs and also in strengthening the overall economy. I am a Professor of the Practice of Economic Policy jointly at the Harvard Kennedy School and in the Economics Department at Harvard University. I am also a Non-resident Senior Fellow at the…
| Nathaniel Hendren
June 17, 2020, Paper, "We build a publicly available platform that tracks economic activity at a granular level in real time using anonymized data from private companies. We report weekly statistics on consumer spending, business revenues, employment rates, and other key indicators disaggregated by county, industry, and income group. Using these data, we study the mechanisms through which COVID-19 affected the economy by analyzing heterogeneity…
| Jason Furman
June 5, 2020, Opinion, "The official unemployment rate rose from 3.5 percent in February to 13.3 percent in May (down from its value in April). Even this very large official increase understates the increase in the unemployment rate from a historically-comparable perspective because it counts an extra 4.9 million people who were “not at work for other reasons” as employed and also because 6.3 million people left the labor force since February,…
| Robert Lue
May 12, 2020, Audio, "Valenture Institute's chancellor talks us through the challenges and opportunities for economic prosperity in this time of crisis in the final episode of the 3-week Sustainable Development Series."
Non-HKS Author Website - Robert Lue