With the unemployment rate falling from 10.0 to 9.7 the employment report implies that the economy is in a transition phase. The period of widespread layoff and job cuts is…

By Spencer With the unemployment rate jumping to 8.1% and downward revisions of the previous months employment numbers it is hard to find anything encouraging in the February employment report….

By Spencer The employment report shows the economy accelerating to the downside. This is now the worse employment drop in the post WW II era. The index is now at…

The employment report confirms other evidence that the economy is accelerating to the downside. In comparison to other recession this looks like a very typical recessions. But to see how…

Even with the drop in employment the new data really does not add much new information to what we knew a month ago. Interestingly hours worked rose this month. But…

…quarters ago. The White House and its free lunch supply-side supporters want us to believe 3 things: (1) that we have returned to full employment after falling below full employment…

…Jared Bernstein who notes some good news about long-term unemployment, but also writes: Still, it is unusual for long-term unemployment to be this high with unemployment so low. Historically, 5.0%…

…the elasticity of demand for labor. At elasticity equal to unity, employment would remain constant. If elasticity is greater than one then “employment will be increased (or profits will rise);…

I was not surprised to learn that conservatives assert that the recent increase in the growth of employment and reduction in unemployment are due to the failure to extend extended…

…proposal here is to look at employment and unemployment not GDP. Briefly, I have a kind of intermediate position on QE and negative interest rates and stuff. [skip] I am…