RealClear Radio Hour – The Gov’t Statistics Fed Fandango

3 Jul

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Behind the Federal Employment and Inflation Numbers

July 2, 2016

Erica Groshen, Commissioner of the Bureau of Labor Statistics, shares how the Bureau compiles its influential monthly jobs report. Groshen discusses how her agency’s analysts measure labor participation and cost of living data—including accounting for the birth and death of firms and changes in spending behavior—and offers reasons why the gig economy hasn’t yet made much of an impact on the employment numbers.

Official Photo BLS Commissioner Dr. Erica Groshen

LISTEN (full-length interview)
DOWNLOAD from iTunes (as aired)
WATCH (on YouTube)

Uncovering the Relationship between Inflation and Jobs

July 2, 2016

John Williams, publisher of Shadow Government Statistics, discusses potential structural biases built into the Consumer Price Index, the most commonly cited measure of inflation, and the headline unemployment rate. Williams fears inaccurate numbers compound an already precarious situation—one he describes as the sharpest economic contraction in decades.

John Williams

LISTEN (full-length interview)
DOWNLOAD from iTunes (as aired)
WATCH (on YouTube)

Central Bank Eunuchs

July 2, 2016

Jerry Jordan, former president of the Federal Reserve Bank of Cleveland and author of the recently published paper, “The New Monetary Framework,” suggests central banks have become impotent to impact economic activity with only untested tools to curb runaway inflation should it break out.

Jerry Jordan

LISTEN (full-length interview)
DOWNLOAD from iTunes (as aired)
WATCH (on YouTube)

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