Shortcut Navigation:

AFL-CIO Now

Showing blog posts tagged with interest rates

Still Getting 'It' Wrong

Still Getting 'It' Wrong

On Friday, the U.S. Bureau of Labor Statistics reported the economy gained 235,000 payroll slots in February and upped its estimates for December and January by another 9,000 jobs. Over the three-month period, that means an average job growth of 209,000 jobs a month. Including the ups and downs, over the past 30 years, the U.S. economy has averaged job growth of about 126,000 jobs a month. So this current rate of growth would suggest a strong labor market. Further, workers who transitioned from being out of the labor force into active job search were 2.3 times more likely to land a job than to be stuck unemployed.and looking. And unemployed workers were 1.3 times more likely to find a job than if they were to quit and drop out of the labor force discouraged. Over the year, average wages (not adjusting for inflation) rose 2.8%.

Read more »

The Federal Reserve Raising Interest Rates is Unwelcome and Unnecessary

The Federal Reserve Raising Interest Rates is Unwelcome and Unnecessary

Wednesday’s decision by the Federal Reserve to raise interest rates is unwelcome and unnecessary. As admitted in its statement, investment remains soft, growth is only moderate and inflation expectations are little changed. Moreover, the economy confronts financial headwinds from the recent jump in long-term interest rates and an even stronger dollar.

Read more »

Why the Fed Is Not Close to Achieving Full Employment and Shouldn't Be Discussing Raising Interest Rates: The Case of Young Workers

Labor Day is soon. And while it is a day to celebrate the history and contributions of America’s working people in building our nation, it also marks a return to school for students. And, it is a time to reflect on those seniors, in high school and college, starting their final year before joining America’s labor market.

Read more »

Take Action

Protect the Consumer Financial Protection Bureau

The Consumer Financial Protection Bureau has done crucial work to safeguard Americans against the deceptive and abusive practices of big banks, student loan servicers, credit card companies and predatory lenders. Tell Congress to protect this important agency.

Sign the petition. »

Connect With Us

  • Facebook
  • Twitter
  • YouTube
  • Flickr

Get Email from AFL-CIO


Msg & data rates may apply. Text STOP to 235246 to stop receiving messages. Text HELP to 235246 for more information.

Blogs

Join Us Online