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US labor market heated up in May as jobs grew and wages soared

Jason Furman (PIIE) and Wilson Powell III (Harvard Kennedy School)

With the US economy still 10 million jobs short of its pre-pandemic trend and an unusually high number of unemployed workers, the most important solution is time for job matches, the extent of the virus to improve, and expanded unemployment benefits to expire or be replaced by more modest increases.

The Peterson Institute for International Economics building is closed to staff and visitors until further notice. PIIE personnel are working remotely, with access to telephone messages.

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Events

Financial Statements - Featured
Past Event

Hong Kong as an international financial center

Nicolas Véron (PIIE), Douglas Arner (University of Hong Kong) and Lorin Gu (PIIE Global Future Council)

May 12, 2021
This session of Financial Statements will be devoted to taking stock of the evolution of Hong Kong as an international financial center and its prospects and role in the short and longer term. Joining this episode were: HOST Nicolas Véron , Senior Fellow, Peterson Institute for International...
Upcoming Streaming Event

Women and work: Has the pandemic undone years of progress in developed and developing countries?

Caroline Atkinson (RockCreek; PIIE Executive Committee), Betsey Stevenson (University of Michigan; Former Member of the Council of Economic Advisers) and Abebe Selassie (International Monetary Fund)

June 8, 2021
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China-US financial (de)coupling: Looking at the right numbers

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June 9, 2021

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June 1, 2021

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October 26, 2020 9:00 AM to 10:00 AM
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Highlighted PIIE Topics

ChinaEuropean UnionUnited KingdomUS-China Trade WarTrade DeficitTrade PolicyTaxesCurrency ManipulationCoronavirusEconomic OutlookGlobalizationInequalityLabor


Bookstore

Facing Up to Low Productivity Growth

Facing Up to Low Productivity Growth

Edited by Adam S. Posen (PIIE) and Jeromin Zettelmeyer (PIIE)

February 2019
The State Strikes Back: The End of Economic Reform in China?

The State Strikes Back: The End of Economic Reform in China?

Nicholas R. Lardy (PIIE)

January 2019