Job Market Monitor
Federal Reserve
US – Growth since the Great Recession has improved the fortunes of the most affluent Fed says
Economic growth since the Great Recession has improved the fortunes of the most affluent Americans even as the incomes and wealth of most American families continue to decline, the Federal Reserve said Thursday. For the most affluent 10 percent of American families, average incomes rose by 10 percent from 2010 to 2013. For the rest … Continue reading
The FED / A highly accommodative stance of monetary policy will remain appropriate for a considerable time (video)
The Committee also reaffirmed its expectation that the current exceptionally low target range for the federal funds rate of 0 to 1/4 percent will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee’s 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored Continue reading
The Fed and the Unemployment Rate / Fisher says he’s opposed to cutting the 6,5% threshold
The Federal Reserve should not keep changing the goalposts for raising interest rates, a top Fed official said, just a week before the U.S. central bank convenes a policy-setting meeting where that possibility is likely to be discussed. Dallas Fed President Richard Fisher told an agricultural group in Chicago that the Fed’s current threshold for … Continue reading
US / When will the unemployment rate fall to 6.5% (the Fed’s threshold)
When will the unemployment rate fall to 6.5% (the Fed’s threshold, but not trigger, for raising the Fed’s funds rate)? If the participation rate stays steady, the unemployment rate will fall to 6.5% in December 2014 if the economy adds around 185,000 jobs per month. This is consistent with the Fed not raising rates until 2015 … Continue reading
US / Fed shifts focus from inflation to jobs
The focus on jobs represents a historic shift for the central bank that began with the 2008 financial crisis and has intensified in the face of four years of middling economic growth. But how much influence the central bank wields over unemployment remains an open question: It cannot direct businesses to hire or inspire entrepreneurs … Continue reading
Fed / Aggressive easing needed says Yellen in an address to AFL-CIO
The Federal Reserve’s aggressive easing of monetary policy is warranted given the still-battered state of the U.S. labor market, Fed Vice Chairwoman Janet Yellen said on Monday. In an address to the politically influential AFL-CIO, the largest U.S. labor group, Yellen, a potential successor to Fed Chairman Ben Bernanke next year, bemoaned the unusually weak … Continue reading
The New Fed Unemployment Target: The story behind
The decision was a testament to what former colleagues call Evans’s ability to build consensus. It also shows how one of the Fed’s 12 regional bank presidents can influence policy that is usually made by the central bank’s Washington-based board of governors, led by Bernanke. “Through the power of his ideas and his powers of … Continue reading
How to get to the 6.5% unemployment rate target: roughly 270,000 jobs each month
The Federal Reserve predicts it will keep stimulative policies in place until the unemployment rate falls to 6.5%. But just how many jobs will it take to get there? As of November, the unemployment rate was 7.7%. In order to drop to 6.5% immediately, it would require 1.9 million jobs to be created right now. … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
The Most Popular Job Search Tools
Even More Objectives Statements to customize
Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
Job Market Monitor 