Search
- Report
This document compares the characteristics of the long-term unemployed in March 2007 and March 2014, supplementing and updating information provided in CBO’s Understanding and Responding to Persistently High Unemployment.
- Report
In March, CBO testified before the Senate Committee on Health, Education, Labor, and Pensions about the minimum wage. Some committee members submitted further questions for the record, and this document provides CBO's answers.
- Report
Director Doug Elmendorf testified on the effects of raising the minimum wage, noting that such an increase would boost family income for many low-wage workers but that some jobs for low-wage workers would probably be eliminated.
- Report
CBO examines the change in its projections of potential output for the year 2017: The estimate for that year that CBO prepared in February 2014 is about 7 percent lower than what it projected in January 2007.
- Report
Raising 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.
- Report
Since 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.