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Partners in Austerity: Jamaica, the United States and the International Monetary Fund



Ahead of President Obama’s April 8 trip to Jamaica, a new CEPR paper found that Jamaica is running the most austere budget in the world, with a primary surplus of 7.5 percent, due to its IMF agreement, and that the government’s interest payments on the debt and austerity have brought public investment to a low. Co-Director Mark Weisbrot examines what Obama could do to change this in an op-ed for Al Jazeera America.

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Bad Weather Slows Job Growth in March

The labor market added 126,000 jobs in March as the unemployment rate held at 5.5 percent. While much of this can be attributed to severe late-winter weather, this brought the three month average down to 197,000 jobs a month. More analysis in this month's Jobs Byte.

More of the Same Won’t Work in Central America

The White House's request for $1b to replicate Plan Colombia in Central America won't solve the region's ongoing human rights, economic and crime woes, CEPR's Alexander Main writes in a recent op-ed for The Hill and a comment in the Latin America Advisor. Instead, Alex suggests that the U.S. “stop feeding the beast” – rights-abusing security forces.


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CEPR in the News

Despite Federal Regulation, C.E.O.-Worker Pay Gap Data Remains Hidden
New York Times, April 10, 2015


Obama Faces Latin American Opposition to Venezuela Sanctions as Cuba Joins Summit of the Americas
Democracy Now!, April 10, 2015


U.S. Think Tank: Jamaica Running Most Austere Budget in the World
The Gleaner, April 07, 2015


U.S. Job Growth Slows Sharply in March to 126,000
Los Angeles Times, April 03, 2015


McDonald’s Raise Less Than Meets the Eye
Kansas City Star, April 03, 2015


Greek Prime Minister Vows No Capitulation to Creditors
The Independent (UK), March 31, 2015

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Mark Weisbrot,
Co-Director


Dean Baker,
Co-Director

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