…less pressure than at present. That puts us in the bottom 1.5% of all time periods in the last 50 years for wage pressure. I realize that the unemployment rate…

…share will equal 78%. What about employment? Well, capital will optimize when unemployment is between 4.5% and 6.2%. Let’s use 5.5% unemployment as the place where capital utilization will optimize….

A note on Hurricane Harvey and unemployment claims Initial jobless claims for last week were reported at 298,000 this morning, a jump of over 50,000 from recent levels. As most…

…to enter a Boom? The recent economic news has almost all been good. In particular the unemployment rate has dropped as low as 4%. Meanwhile, the GOP certaionly believes —…

…two eras as unique: the low unemployment rate the duration of a very good rate of growth of industrial production strong growth in real average hourly wages strong growth in…

…unemployment rate at the end of the year of 11.3%. The second more pessimistic one has GDP declining -8.5% with a resulting end-of-year unemployment rate of 12.5%. The CBO forecast,…

…recessions. ” Every past significant inflation acceleration has been quickly followed by recession. Tamping down inflation will require allowing unemployment to rise, and engineering a soft landing is difficult:Unemployment has never risen…

…by business cycle standards. Also the recession caused unemployment to reach 6.1% and unemployment is now 6.1%. I don’t think that the risk that unemployment might reach 6.1% at some…

…there is more hiring given the job vacancy rate when there is higher unemployment (it is hard to estimate because before 2020 the unemployment rate and the vacancy rate had…

Continuing unemployment claims make new 45+ year low – by New Deal democrat New claims increased 23,000 last week to 230,000. The 4 week average of new claims increased 6,250 to…