Daily Archive: Friday, January 4, 2013

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 in the Paycheck: Survey Evidence on Workers’ Response to the 2011 Payroll ...Read More

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. The party’s treasury spokesman, Ed Balls, said the guarantee would initially be ...Read More

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 only 28k jobs while the labor force grew by 192k. Other Notable ...Read More