America’s labour market: Wage growth surges, just in time for the Trump presidency
THE news that average wages grew by 2.9% in December, the final full month of the Obama…
Opinion
A welcome revival: Inflation is on the way back in the rich world, and that is good news
IT WAS telling that Germany, a country with a phobia of rising prices, in the first week…
Free exchange: The definition of “maximum employment” needs updating
“IT IS fair to say the economy is near maximum employment,” said Janet Yellen, chairman of the…
The Economist explains: What full employment really means
IN 1977 America’s government gave the Federal Reserve what seems like a straightforward goal: maximum employment. Janet…
The forgotten-men index: Tracking the fortunes of the white working-class
IN 1922 Donald Trump’s father, Fred, left high school at 16 to work for a carpenter. He…
Free exchange: What the German economic model can teach Emmanuel Macron
IT IS heartening that the euro area has a knack for surviving near-fatal crises. Yet confidence in…
Bullish again: Spain’s reforms point the way for southern Europe
ON A back road in the Llobregat valley west of Barcelona, amid a jumble of old wine-growing…
All the working ladies: Women alone are driving a recovery in workforce participation
IF THERE were a list of common complaints about America’s economy, the fact that too few people…
Retirement accounts: Does ageing explain America’s disappointing wage growth?
WHEN America’s unemployment was last as low as it has been recently, in early 2007, wages were…
America’s labour market: Is there a wage growth puzzle in America?
TODAY’S labour market report showed that the American economy created 156,000 net new jobs in August. That…
