Instead of just looking at inflation, the Fed should consider the gap between income and inflation. And the gap is wide.
By Sheila Bair and Preston Cooper
FORTUNE -- When the Fed meets to decide its monetary policy on Wednesday, Jan. 29, we believe it should continue tapering its bond buying program and let interest rates rise. Why? Low interest rates and low inflation are having a negative impact on the MOREJan 29, 2014 5:00 AM ET
The U.S. workforce is shrinking, but that's not because Americans in their prime working years are dropping out.
FORTUNE -- Where have all the workers gone?
The U.S. labor force has dropped by six million. Workers began to disappear during the Great Recession, but it has continued even after the economy has improved. So what's going on?
One answer is demographics. Back in 2006, a paper from a number of Fed economists, predicted MOREStephen Gandel, senior editor - Jan 14, 2014 5:00 AM ET
One of the signs of the weak economy may not be as worrisome as it looks.
FORTUNE -- The big news of Friday's jobs report? Things are looking ugly. Employers added just 74,000 workers in December, the lowest monthly growth in nearly three years.
But the other seemingly terrible news was this:
Takeaway: The economy is doing a better job of pushing people out of the labor force than it is of finding MOREStephen Gandel, senior editor - Jan 10, 2014 2:46 PM ET
Friday's disappointing jobs report raises the question of whether the Federal Reserve moved too quickly to reduce its bond-buying stimulus efforts.Nin-Hai Tseng, Writer - Jan 10, 2014 11:45 AM ET
It's great news for Main Street. Will it be just as good for Wall Street?
By Mohamed A. El-Erian
FORTUNE -- This morning's U.S. employment report is an unusually good one -- in terms of the headline numbers and virtually all of the key components.
Net monthly job creation came in at 203,000, above consensus expectations of 180,000. Importantly, the job additions were broad-based, with virtually all sectors benefiting.
The widely followed unemployment MOREDec 6, 2013 10:30 AM ET
Economists at the Fed have come up with a handful of indicators they say are encouraging signs that the jobless rate will continue to fall for the right reasons.
FORTUNE -- As the U.S. unemployment rate falls, skepticism grows about any real improvements in the job market.
The share of jobless workers may have fallen to its lowest level since November 2008, but this comes as millions of unemployed scratch their heads wondering how MORENin-Hai Tseng, Writer - Nov 4, 2013 1:54 PM ET
With the shutdown and holiday hiring, it will be months before we can trust the jobs report again.
FORTUNE -- Employers added 148,000 to their payrolls in September, about 20% less than economists expected and the third smallest monthly increase in the past year. But the unemployment rate dropped to 7.2%, which is the lowest level in nearly five years. And the number of people actively looking for work was MOREStephen Gandel, senior editor - Oct 22, 2013 11:21 AM ET
A new study shows how much the gap between the rich and the poor has widened since the recession. Raising the minimum wage would help narrow it again.
FORTUNE -- Lately everyone from policymakers to fast-food workers have urged Washington to raise the minimum wage. It's a thorny topic that's spawned countless arguments both for and against an increase, but a new study suggesting that mostly the richest Americans are recovering MORENin-Hai Tseng, Writer - Sep 11, 2013 1:15 PM ET
It's hard to call the August job growth the "substantial improvement" the Fed was looking for to begin tapering. But maybe it was good enough.
FORTUNE -- On Wall Street, some investors trying to avoid higher interest rates were probably hoping the Labor Department would deliver bad news as they figure out what the Federal Reserve might do next. Whether or not they got their wish Friday will depend how the MORENin-Hai Tseng, Writer - Sep 6, 2013 11:57 AM ET
The July employment report shows that the job market for 16- to 24-year olds is worse than you think, and it could have long-term effects for the economy.
FORTUNE – What it is to be young and unemployed in America has been widely reported, but July's report on the health of the jobs market offers a new snapshot of the scale of the problem.
Some economists have argued youth unemployment isn't as bad MORENin-Hai Tseng, Writer - Aug 6, 2013 12:00 PM ET
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