CEPR - Center for Economic and Policy Research
Economy Adds 248,000 Jobs in September

The unemployment rate in September fell by 0.2 percentage points to 5.9 percent. This is the first time it has been below 6.0 percent since July of 2008. It has fallen by 1.3 percentage points over the last year. While employment is up by 2,330,000 over the last year, much of the decline in the unemployment rate is due to people leaving the labor force. More in the latest Jobs Byte.

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Pay-Cut Clock Documents Billions of Dollars Lost by Minimum-Wage Workers

Inflation has eroded the purchasing power of the minimum wage since it was last raised in 2009. As long as it remains stuck at $7.25 per hour, minimum-wage workers will face a continual and ongoing pay cut. CEPR's Minimum-Wage Pay-Cut Clock tracks the billions of dollars lost by workers every second the minimum wage remains frozen at the 2009 rate.

Commodity Prices and Economic Growth in Latin America

A new report by economists David Rosnick and Mark Weisbrot debunks the oft-cited 'commodities boom' explanation for Latin America's faster economic growth in recent years. Higher export prices allowed countries to avoid current account imbalances, but faster growth was achieved through other factors, such as successful macro-economic policy choices.

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Data Bytes
CEPR's analysis of government economic data releases (CPI, Jobs, GDP, etc.).
Latest release: Jobs Byte, October 3, 2014
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CEPR in the News

Fast Food in Denmark Serves Something Atypical: Living Wages
The New York Times, October 27, 2014

The Risks of Income Inequality
The Diane Rehm Show, October 27, 2014

Dilma Rousseff Narrowly Wins Brazil Re-election
AFP, October 27, 2014

Morales Re-Election Shows Failure of U.S. Policies
The Miami Herald, October 16, 2014

Evo Morales Has Proved that Socialism Doesn’t Damage Economies
The Guardian, October 14, 2014

Democrats Go on the Offensive on Taxes — EU Targets 'Double Irish' Tax Move — Hillary Talks Medical Device Tax
Politico, October 14, 2014

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