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You searched for: label/frictional unemployment

So Why Did Unemployment Fall?

…somewhat higher than the disappointing increase per the Payroll Survey, the employment-population ratio has flat lined at 62.8%. So why did the unemployment rate fall? Simple – because the labor…

FuzzCharts on the Black Unemployment Rate

…the overall unemployment rate – one can see why Jerry only provided averages and not the time series. It seems unemployment rates for both blacks and for whites fell during…

The Natural Rate of Unemployment

Bush apologists used to note that the current unemployment rate is near the average during the Clinton years, which forgets that unemployment fell during Clinton’s Administration and has increased under…

The Sticky Wages of Sin

…to work effort and shirking as a misguided response by workers to the threat of unemployment to theorizing high wages as an incentive for work effort and unemployment as an…