…other industries has been more gradual. The unemployment rate and wage growth has been also broadly consistent with labor supply as a key driver. The unemployment rate rose in July,…

…bulk of current unemployment is any sense “structural”: if aggregate demand were higher it would melt away just as unemployment in 1982 melted away. The following paragraph is more problematic,…

…increased consumption, increased leisure or both. Unemployment results not from a quantity of jobs deficit but from an adjustment deficit. Unemployment results, that is to say, from a failure to…

…Unemployment Rolls More Quickly in States Cutting Off Benefits,” Wall Street Journal, 6/27/21 But the dollar value of benefits paid and the number of people claiming unemployment benefits of course will decline in…

…The household survey showed the unemployment rate dipping down to 3.4 percent, the lowest rate since 1969. However, it showed a gain in employment of just 84,000 after removing the…

…long history of leading the latter with a lag of a few months: In summer and autumn of last year the unemployment rate averaged 3.6%. Initial claims suggest that unemployment…

…claims (blue) vs. the unemployment rate (noisier but more leading): And here are continuing claims (blue) vs. the unemployment rate (much less noisy albeit less leading): I expect the unemployment…

Trump’s Immigration Enforcement Hurts All Workers “Unemployment has increased for U.S.-born workers in the face of mass deportations,” Economic Policy Institute During the 2024 campaign, Donald Trump and J.D. Vance…

…as the Beveridge Curve …. ,,,shows the relationship between the unemployment rate and the job vacancy rate.Since late 2009, the curve has shifted outward. That means that even if the…

Bill McBride at Calculated Risk does his usual excellent job of reporting economic data; He just reported the state unemployment rates and published a chart comparing the current rate with…