Today’s Jobs Report in Pictures

May 2, 2014 at 9:48 am

Today’s mixed jobs report shows a big jump in payroll employment but a sharp fall in labor force participation.  The labor market is clearly much stronger than in the depths of the Great Recession but still far from the “maximum employment” goal that Congress has mandated the Federal Reserve to pursue.  Long-term unemployment remains a particular concern, highlighting why Congress must restore federal emergency jobless benefits – which it allowed to lapse at the end of 2013 and has not restored even though long-term unemployment remains substantially higher than when any of the previous seven emergency programs expired.

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More About Chad Stone

Chad Stone

Chad Stone is Chief Economist at the Center on Budget and Policy Priorities, where he specializes in the economic analysis of budget and policy issues. You can follow him on Twitter @ChadCBPP.

Full bio | Blog Archive | Research archive at CBPP.org

1 Comments Add Yours ↓

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  1. 1

    The employment rate was 59% in June 2009 and now it’s 59%. I think the problem is that the federal budget deficit is too small. Because the Republicans control the House, President Obama should propose a huge tax cut for the middle class. If the Republicans oppose it or say it needs to be offset by fiscal austerity, they will look like total hypocrites.



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