Jobs Report Could Provide Overdue Clarity on Uncertain Economy
Employers added 64,000 jobs in November, according to data delayed by the government shutdown, but the unemployment rate rose to a four-year high of 4.6 percent.
FEDS Paper: Hysteresis and the Role of Downward Nominal Wage Rigidity: Evidence from U.S. States(Revised)
Hie Joo Ahn and Yunjong EoThis paper empirically investigates the sources of hysteresis, emphasizing the role of downward nominal wage rigidity using U.S. state-level payroll employment growth. U.S. states exhibit heterogeneous recoveries, with L-shaped and U-shaped recessions corresponding to persistent hysteresis and full recovery. L-shaped recessions are importantly driven by demand shocks and reinforced by downward nominal wage rigidity, which prolongs employment losses by raising real wages and deepening downturns.
Europe May Roll Back Combustion Engine Ban
A proposal to revise an E.U. law requiring carmakers to stop producing combustion engines by 2035 would offer some relief to automakers, but it sets back the region’s climate goals.
Could your boss be lonely? Here’s why it matters more than you might think
PeopleImages/ShutterstockLoneliness is the pain we feel when our social connections fall short of fulfilling our needs.
US banks win back right to lend more than they should
Trump has gifted lenders the freedom to make the same mistakes again
Jobs Report Could Provide Overdue Clarity on Uncertain Economy
Hiring and unemployment data for November will offer a snapshot of a cooling job market buffeted by President Trump’s policies.
How rogue nations are capitalizing on gaps in crypto regulation to finance weapons programs
Two years after Hamas attacked Israel on Oct. 7, 2023, families of the victims filed suit against Binance, a major cryptocurrency platform that has been plagued by scandals.
A review of the ECB’s proposed banking rules overhaul
Simplification — EU style
With UK unemployment rising, will the government’s plan for young people pay off? An economist’s view
Monkey Business Images/ShutterstockThere are nearly one million young people in the UK who are not in employment, education or traini
Teenagers are preparing for the jobs of 25 years ago – and schools are missing the AI revolution
Matej Kastelic/ShutterstockThe government has recently released its national youth strategy, which promises better career advice for young people in England. It’s sorely needed: for teenagers today, the future of work probably feels more like a moving target than a destination. Barely three years after ChatGPT went mainstream, the labour market has already shifted under young people’s feet.
Pages
