Edward Conard

Top Ten New York Times Bestselling Author

  • “…a very valuable contribution.” - Larry Summers, former Secretary of the Treasury and director of the National Economic Council, president emeritus, Harvard University
  • “Unintended Consequences is full of substance, it is one of the must-read books of the year, and once I finish it I will be giving it a second read through right away.” - Tyler Cowen, Professor, George Mason University
  • “…challenges misconceptions that distort our economic debates.” - Arthur Brooks, President of the American Enterprise Institute
  • “…a very valuable contribution.” - Larry Summers, former Secretary of the Treasury and director of the National Economic Council, president emeritus, Harvard University
  • “A full-throated defense of economic dynamism.” - The Wall Street Journal
  • “Unintended Consequences provides a provocative interpretation of the causes of the global financial crisis and the policies needed to return to rapid growth. Whether you agree or not, this analysis is well worth reading.” - Nouriel Roubini, New York University; Chairman, Roubini Global Economics
  • “…a fresh argument for the productive value of inequality.” - David Autor, Professor of Economics, Massachusetts Institute of Technology
  • “…a fresh argument for the productive value of inequality.” - David Autor, Professor of Economics, Massachusetts Institute of Technology
  • “Unintended Consequences should be read by anyone who takes for granted the superiority of progressive taxation and has not thought carefully about the trade-offs involved.” - The New Republic
  • “There are an amazing number of good ideas and interesting points made in Unintended Consequences. The thinking underlying it, and the obvious depth of understanding of the author, are very impressive.” - Steven Levitt, coauthor of Freakonomics; 2004 John Bates Clark Medal
  • “Unintended Consequences represents the most cogent and persuasive analysis of the Financial Crisis to date.” - Andrei Shleifer, 1999 John Bates Clark Medal Winner
  • “…serious thinking for serious thinkers. …a thought-provoking blueprint for growing middle- and working-class incomes.” - Mitt Romney, former Governor of Massachusetts
Upside of Inequality Oxford Unintended Consequences

AI Summary. U.S. employers added 517,000 jobs in a month and the unemployment rate fell to 3.4%, the lowest in more than 53 years, according to the Labor Department. Average hourly earnings rose 4.4% from a year earlier, down from a revised 4.8%, a gradual slowing that suggests employers are finding it easier to recruit workers.

David Harrison Wall Street Journal
Date Posted:

The unemployment rate fell to a 53-year low at 3.4%, but nominal average hourly earnings slowed to 4.4% year-over-year down from 4.8% in December. @WSJ

Is the labor market strengthening even as wage growth slows?

Core argument: U.S. employers added 517,000 jobs in January and the unemployment rate fell to 3.4%, the lowest in more than 53 years, according to the Labor Department.

U.S. hiring accelerated sharply to 517,000 jobs in January and the unemployment fell to 3.4%, the lowest rate in more than 53 years, the Labor Department said Friday. Average hourly earnings grew 4.4% in January from a year earlier, down from a revised 4.8% in December, the Labor Department said Friday. Wage increases have been gradually slowing, suggesting employers are finding it easier to recruit new workers.

Takeaways by Macro Roundup® AI

  1. U.S. employers added 517,000 jobs in January and the unemployment rate fell to 3.4%, the lowest in more than 53 years, according to the Labor Department.
  2. Average hourly earnings rose 4.4% in January from a year earlier, down from a revised 4.8% in December, the Labor Department said.
  3. The gradual slowing in wage increases suggests employers are finding it easier to recruit new workers.
Showing 96 database articles primarily about Unemployment/Participation