Atlanta Fed

Atlanta Fed

Economics, Pethokoukis

This chart shows part-time jobs in the US have become a trap rather than a launching pad

One key measure of job market health is the number of people working part-time for economic reasons (PTER) rather than by choice. Back in 2007, according to the Atlanta Fed, 61% of people working PTER the previous year transitioned into full-time work with the rest still working part-time either for economic reasons or by choice. read more >

Pethokoukis, Economics, U.S. Economy

Uber having to hire David Plouffe is all that’s wrong with America

Uber hasn’t built a new kind of nuclear power plant or reengineered the measles virus to cure cancer. Instead, it has developed a piece of software that helps connect people seeking automobile transportation with people willing to supply automobile transportation. It’s a potentially dangerous innovation — at least to local taxicab monopolies. read more >