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Worker Productivity Growth Might Influence Fed’s Interest Rate Policy(1)

June 10, 2015

Taking a look at worker productivity growth could shed some light on what the Federal Reserve might do with interest rates. The faster the rate of productivity growth, the faster the Fed can let the economy grow without inflation picking up. But productivity is slow right now compared to historical benchmarks. By definition, growth in […]

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Should Virginians Help Bail Out Puerto Rico?

Puerto Rico is in serious financial crisis, and because the island is a U.S. territory, this is a matter of concern to taxpayers in Virginia and throughout the country. As a territory, this government cannot declare bankruptcy under current Chapter 9 law, but it wants to do just that. No government gets itself into this […]

Obsessions of Inequality

Sarah Burd-Sharps and Kristen Lewis, authors of “Geographies of Opportunity,” provide a state-by-state and congressional district-by-congressional district measurement of “well-being” across the United States. Overall, Virginia fares reasonably well in the report, scoring 11th overall. Well-being is determined by a set of measures for life expectancy, education and median income. But state averages can mask a lot. […]

Job Market and Wages Continue to be Weak

Slow wage growth is one of the side effects of a weak labor market. Even though the official unemployment rate has fallen to 5.5 percent in the nation in February, the rate that includes people working part time who would rather work full time and the marginally attached is 11.0 percent. With plenty of jobseekers […]

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