In The Street, economics professor David Weiman is quoted in an article about the recent news that 243,000 jobs were added in January, cutting the United States' unemployment rate from 8.5 percent to 8.3 percent. An excerpt:
"The number is high, but the trend is in the right direction. ...To have successive months of increasing employment and decreasing unemployment rates, those are good signs," said David Weiman, a Barnard College economist. "I do think that's what individuals are looking at -- they're obviously concerned where they are, but they're also sort of figuring out what's going to happen down the road."
Read the full article here.
Prof. Weiman is the Alena Wels Hirschorn ‘58 Professor of Economics. He specializes in 19th and 20th century U.S. economic history and the political economy of contemporary U.S. criminal justice policy. His research in economic history focuses on the evolution of banking-payments and telecommunications networks.