Daily Archives: January 4, 2013 @ 4:39 pm (Friday)

Federal Reserve Bank of New York on payroll tax multiplier

>    >   (email exchange) >    >   On Fri, Jan 4, 2013 at 1:20 PM, Scott wrote: >    >   Apparently payroll tax cuts work. Who knew? (We did.) >    Thanks, Scott! Likewise the expiration might be more of a drag than anticipated. A Boost … Continue reading

Posted in Fed |

UK remains hopelessly out of paradigm

U.K. Labour to Strip Benefits From Unemployed If Job Refused By Kitty Donaldson January 4 (Bloomberg) — The U.K.’s opposition Labour Party called for a compulsory jobs guarantee for the long-term unemployed, making state welfare payments dependent on paid employment. … Continue reading

Posted in Government Spending, UK |

Payroll Recap

Karim writes: Overall trend improvement continues in payrolls, with the 155k gain (with +14k in net revisions) in line with the average gain over the past 6mths. The Unemployment rate rose from 7.753% to 7.849% as the household survey gained … Continue reading

Posted in Employment |