WOW — in seven year team Bush managed to raise the unemployment rate from under 4% when they took office to 5%. Way to go team Bush!! P.S. Note that…

…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%…

…second graph has this caption claiming that “the unemployment rate has been falling”. But look at the graph. Unemployment did fall during the Clinton years – only to rise from…

…to suggest that the fall in the unemployment rate was a sign of an improving labor market. But the unemployment rate is simply one minus the ratio of employment as…

…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…

…economic challenges associated with that. And Unemployment in the US? Michael Pettis also mentions exporting unemployment in his article and I want to include some of what he said. “If…

Doug Short has an insightful article out today… The Civilian Labor Force, Unemployment Claims and Recession Risk. I want to highlight one graph from that article, where he plots the…

In a post 3 days ago, I referred to an article by Doug Short on his graph for the ratio of initial unemployment claims to the civilian labor force. He…

…to show this relationship. (update: The following graph presents the Unemployment rate as the percentage employed, instead of unemployed.) As the labor index rose to over 112 in the 1950’s…

…solutions for unemployment. However, a closer look reveals that these approaches do not align with the complex factors that determine unemployment. Similarly, just as people are drawn to the allure…