Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/frictional unemployment

What’s in a name?

…no matter the labels thrown upon them, going back 1000s of years. Its recurring features — concentrated power, weak accountability mechanisms, suppression of organized opposition — are structural problems of…

UNEMPLOYMENT CLAIMS

The market reacted strongly to initial unemployment claims jumping from 488,000 to 500,000. But on a not seasonally adjusted basis claims actually fell from 424,504 to 4o1,856. In recent weeks…

EMPLOYMENT SITUATION

…still holds the record for the highest average unemployment rate of any post – WW II four year Presidential term. George Bush inherited a 3.9% unemployment rate and the results…

UNEMPLOYMENT DURATION

Cactus ran across this data and sent this chart along. It implies two things to me. One, the average duration of unemployment was much higher in this cycle then it…