Employment and Labor Markets
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Report
The Economic Effects of Canceling Scheduled Changes to Overtime Regulations
November 14, 2016Canceling scheduled changes to overtime regulations before enactment would lower employers’ payroll and compliance costs and increase profits. The cancellation would also lower employees’ pay but increase real family income, CBO finds.
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The 2016 Long-Term Budget Outlook
July 12, 2016If current laws remained generally unchanged, the United States would face steadily increasing federal budget deficits and debt over the next 30 years—reaching the highest level of debt relative to GDP ever experienced in this country.
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Trends in the Joblessness and Incarceration of Young Men
May 9, 2016In 2014, 16 percent of men in the United States between the ages of 18 and 34 were jobless or incarcerated, up from 11 percent in 1980. Those numbers and related longer-term trends have significant economic and budgetary implications.
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Report
The Effects of a Minimum-Wage Increase on Employment and Family Income
February 18, 2014Raising the minimum wage would increase family income for many low-wage workers, moving some of them out of poverty. But some jobs for low-wage workers would probably be eliminated and the income of those workers would fall substantially.
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Report
The Slow Recovery of the Labor Market
February 4, 2014Since the recession ended in June 2009, employment has risen sluggishly and the unemployment rate has fallen only partway back to its prerecession level. This CBO report discusses the reasons for the slow recovery of the labor market.
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Small Firms, Employment, and Federal Policy
March 12, 2012Small firms both create and eliminate jobs at higher rates than large firms do. Although small firms account for a disproportionate share of net job growth, that greater growth is driven primarily by new small firms.
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Understanding and Responding to Persistently High Unemployment
February 16, 2012The rate of unemployment in the United States has exceeded 8 percent since February 2009, and CBO projects that it will remain above 8 percent until 2014.