Showing results 1 - 10 of 31
| Jason Furman | Willie Powell
May 17, 2021, Opinion: "he US economy lost a net of 8 million jobs between February 2020 and April 2021. Agreement is growing that people not actively seeking employment (inadequate labor supply) have been playing a major role in the slow recovery, as evidenced by factors including record job openings, the largest wage increases in decades, and other signs of a tighten labor market than would generally be expected given the still low levels of…
| Jason Furman
May 12, 2021, Audio: "Jason Furman, Harvard University Aetna Professor of Economic Policy, says some states should start rethinking unemployment insurance. Alicia Levine, BNY Mellon Chief Investment Strategist, says a little bit of inflation is positive for Main Steet. Thierry Wizman, Macquarie Capital Director of Global Currencies & Interest Rate Strategist, is not positive on iron. Steve Ricchiuto, Mizuho Securities Chief U.S. Economist,…
| 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…
| 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…
| Jason Furman | Willie Powell
February 5, 2021, Opinion: "The labor market was essentially unchanged at the start of 2021 as employers added 49,000 jobs in January. Overall, the economy is 11.6 million jobs below its pre-pandemic trend with the unemployment rate elevated and the employment rate having fallen even more as millions of people have left the labor force. Unusually, while the unemployment rate has fallen steadily from 11.1 percent in June 2020 to 6.3 percent this…
| David Deming | Jennifer Hochschild | Nathaniel Hendren | Will Dobbie | Daniel Schneider | Sandra Susan Smith | Danielle Allen | Cornell William Brooks | Dani Rodrik | Jason Furman
January 2021, Video; "Each week five experts give their 8- minute pitch for a big question, important finding, promising policy solution, or research frontier for the next generation of work on inequality."
Watch Complete Series Via Harvard Inequality and Social Policy on Youtube
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"This week: 6 Big Ideas. David J. Deming (Harvard Kennedy School) leads the…
| Jason Furman
January 8, 2021, Opinion; "The US economy lost 9 million jobs in 2020, the second worst year since 1940 for job loss on a percentage basis. Overall, the unemployment rate averaged 8.1 percent, the seventh worst year since 1948. That the coronavirus pandemic resulted in merely a bad recession instead of an unprecedented depression, as many feared in the spring, is in large part due to the massive fiscal and monetary policy response to the crisis…
| 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…
| Douglas Elmendorf | Lawrence H. Summers | Jason Furman | Kenneth Rogoff
December 1, 2020, Video: "Wendy Edelberg of Brookings, Douglas Elmendorf of Harvard, and Michael Strain of American Enterprise Institute discussed near-term fiscal policy. Then former Treasury Secretary Lawrence Summers and Jason Furman of Harvard will present a paper arguing that persistently low interest rates require a rethinking of the framework for fiscal policy. Their presentation was followed by discussion with former Federal Reserve…
| Douglas Elmendorf | Joseph Aldy | Nicholas Burns | Jason Furman | Juliette Kayyem | Wendy Sherman | Sandra Susan Smith
November 12, 2020, Video: "Harvard Kennedy School faculty discuss the challenges faced by the incoming U.S. presidential administration, and possible policy prescriptions for dealing with them." Watch Via HKS on Youtube