The Employment Situation report for July 2005 has several pieces of good news. Payroll employment rose by 207,000. The increase in employment as measured by the household survey was enough…

When the housing boom ends, what is the possible impact on the US economy? This is a broad brush look at three major potential problems: 1) Increased Unemployment. 2) Loss…

…numbers can be misleading but if we define the long-term as what has happened since Bush took office, employment has fallen by more than 300 thousand. But Friedman claimed employment…

Maybe the only way for Bush to spin the employment report is to mention that the unemployment rate stayed at 5.4%. But this is because the civilian labor force fell…

The BLS numbers are out, and they are significantly below expectations: Nonfarm payroll employment continued to trend upward in September, increasing by 96,000, and the unemployment rate was unchanged at…

…The gist of what I found is the following: employment in the periphery markets has plummeted with no seeming end in site. Notably, 2012 employment levels in Portugal and Greece…

…basically says that the labor market problems are cyclical, which means a Keynesian demand-deficient unemployment. There isn’t enough demand to allow unemployment to fall more rapidly. The normal Keynesian solution…

I wrote that Paul Krugman is assuming full-employment. Yesterday Krugman basically pleaded with the Fed to not taper. I see full-employment as constrained by effective demand, which can be determined…

…not aggregate, but rather effective demand. The point at which these two lines meet is the effective demand limit upon full employment. Here is the model I use for how…

…substitutes for U.S. workers led to more employment in those countries but reductions in employment in the U.S. However, when employment across geographical locations is complementary for firms that do…