Economy Dec 27 So You Think You Can Do Better Than the Fed? Fed chair Ben Bernanke steps down at the end of January. The Fed may not be perfect, Paul Solman explains in response to a reader, but is there another way to run a modern market-driven economy? Photo courtesy of Alex…
Economy Dec 18 Inside the sanctum: How the Fed’s Open Market Committee decides what to do // In March of 1994, Paul Solman simulated a meeting of the Fed's inner sanctum, the Open Market Committee, with former Fed members. The segment aired on March 23. The day before, the FOMC voted to raise short-term interest rates…
Economy Dec 06 At November’s pace, 5 percent unemployment by the end of Obama’s second term November's jobs report painted a rosier view of the economy, and if job growth continued at the same pace -- or even slightly less -- the unemployment rate would fall to 5 percent by the end of President Barack Obama's…
Economy Dec 06 At November’s Pace, 5 Percent Unemployment by the End of Obama’s Second Term By Paul Solman Our "Solman Scale" measures the "U-7," adding to the officially unemployed part-timers looking for full-time work and "discouraged" workers -- everyone who didn't look for a job in the past week but says they want one. 203,000…
Economy Nov 08 The secret to airport workers not losing your luggage // In our fifth and final web exclusive on SeaTac, Wash.'s, ballot initiative to increase the minimum wage, we examine how paying airport workers a living wage could make air travel a lot smoother for everyone.
Economy Nov 08 The Secret to Airport Workers not Losing Your Luggage // In our fifth and final web exclusive on SeaTac, Wash.'s, ballot initiative to increase the minimum wage, we examine how paying airport workers a living wage could make air travel a lot smoother for everyone. What does SeaTac, Wash.'s,…
Making Sen$e Nov 08 264,000 jobs added but 700,000 fewer Americans employed? Perplexing even seasoned analysts, Friday's jobs report showed a bigger-than-expected gain in jobs, while the unemployment rate rose slightly, although 7.3 percent was lower than some expected given last month's government furloughs. So what's going on with the data and…
Economy Nov 08 264,000 Jobs Added but 700,000 Fewer Americans Employed? By Paul Solman If you're a would-be analyst of the monthly unemployment data, Nov. 8 is a day to try men's souls. That's because the government's two monthly surveys -- one of actual people (the "household survey") and the…
Economy Nov 07 More like Germany: The living wage nears a win in suburban Seattle // A higher minimum wage in SeaTac, Wash., would close youth and immigrants out of entry-level jobs, argue small business owners like Mike West. Raising it to $15 an hour at the airport could divert employees away from surrounding…
Economy Nov 07 More Like Germany: The Living Wage Nears a Win in Suburban Seattle // A higher minimum wage in SeaTac, Wash., would close youth and immigrants out of entry-level jobs, argue small business owners like Mike West. Raising it to $15 an hour at the airport could divert employees away from surrounding…