…Phillips curve is the other variable unemployment. There is strong evidence that cyclical unemployment can become structural (that there is hysteresis). Wage inflation depends on lagged unemployment as well as…

by New Deal democrat March jobs report: participation up, unemployment down, wage growth miserly HEADLINES: +98,000 jobs added U3 unemployment rate down 0.2% from 4.7% to 4.5% U6 underemployment rate…

…averaged quarterly to cut down on noise; unemployment rate inverted): Similarly, at recent peaks, the unemployment rate may slightly lead prime age employment, which in turn declines before YoY wage…

Unemployment has shot up in many countries especially including the USA. Is it time for aggregate demand stimulus ? One interesting thing (noted by Krugman in his newsletter which should…

…twice the level of White unemployment, I also show the ratio of Black to While unemployment as well (red, left scale): Black unemployment was slightly below 1.5x the level of…

…is. Unemployment didn’t fall below 4 percent at any point during the 1970s, ’80s, or ’90s. In 1984—the year Ronald Reagan declared “It’s morning again in America”—unemployment was above 7…

…immigrants post-COVID, claims continue to suggest downward pressure on the unemployment rate. Indeed, the Household Survey does break out the unemployment rate by native born (dark blue in the graph…

…Now let’s turn to the Household survey side, which was horrible – in other words, once again it was recessionary. Unemployment and Underemployment The headline was that the unemployment rate…

…unemployment are heading up. Everything else is going down,” Robert Reich Today, the Federal Reserve decided to leave interest rates where they are, at 4.25 percent to 4.5 percent. Although…

…slight leading indicators for jobless claims, unemployment and wage growth. Layoffs and discharges, which have trended slightly higher since last summer, but have been rangebound since last autumn, remained so…