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The October jobs report showed a surprise spike in hiring with employers adding 204,000 jobs last month. Despite the good news, the unemployment rate rose to 7.3 percent. How is this possible? Paul Solman explains how the 16-day shutdown may have warped the numbers and what the data means for the overall economic recovery.
The instability of labor earnings in the United States contributes to earnings inequality and may diminish household welfare. Despite the importance of earnings instability little is known about its correlates or causes. This paper seeks to better understand earnings instability by studying whether volatile firms pay volatile earnings.
In this week's episode of AEI's Banter podcast, Stu and Andrew sit down with AEI research fellow Michael Strain to discuss the likely effects of raising the federal minimum wage law from $7.25 to $9.00 as President Obama proposed in his recent State of the Union address.
In diagnosing the state of our union, President Obama correctly observed that “our economy is adding jobs -- but too many people still can’t find full-time employment.” But the president’s call to increase the federal minimum wage by over 24 percent will make it harder for firms to hire workers because it will make workers more expensive.
Michigan's labor unions are counting on your memory failing, come Nov. 6. They want voters to forget the state's grim history with public sector unions and vote in favor of Proposal 2, a ballot initiative that would create a constitutional right for these unions to bargain collectively. As such, a...
Nonfarm payrolls rose by 114,000 in September and the unemployment rate dropped to 7.8 percent, the Bureau of Labor Statistics reported Friday. The rate is now down at the level of January 2009, and below 8 percent for the first time in 44 months.
As voters head to...
At this event, Dinesh Thakur will discuss his experiences and the wider problems of Indian drug quality. Pharmaceutical and medical experts will then discuss Thakur’s remarks and the safety of US and international drugs.
Join us for a conversation with Governor Dannel Malloy as he discusses the successes and challenges of accomplishing school reform at the state level.
Join AEI in welcoming Michael Rubin for a Bradley Lecture discussing his upcoming book “Dancing with the devil: Lessons from negotiating with rogues and terrorists.”
At the Philanthropic Freedom Project's inaugural public event, AEI President Arthur Brooks will present his new research on how charitable giving has changed in the United States in the wake of the Great Recession and how those changes have serious ramifications for future tax policy.
The Air Force Association’s Mitchell Institute and AEI’s Marilyn Ware Center for Security Studies invite you to a forum with the 18th Air Force Chief of Staff General T. Michael Moseley (ret.) to discuss the imperative for air power in an increasingly uncertain world.
Thie event will address the economic implications of cultural fragmentation, the perception of capitalism in Western culture, and how economists can incorporate cultural considerations into their analyses.