…colored USA maps of all 50 states, their unemployment rate, hourly wage, 1 yr change of wage, hours worked and 1 yr change of hours worked. The data is from…

…during the last national election, the Democrats complained about a slow recovery in employment. Today, with unemployment near record lows of 4.7 percent, they are complaining that “average” real wages…

Paul Krugman has read the paper by Katharine Bradbury and provides this summary of the debate: Some background: the unemployment rate is only one of several numbers economists use to…

…The report also shows the unemployment rate staying at 5.4%. It seems that noisy household survey show a 137,000 decline in reported employment but the labor force participation rate retreated…

…and a decline in the unemployment rate. Since then, however, employment has declined to 14.833 million with the employment-to-population ratio now being only 57.0% and the unemployment rate rising back…

Follow-up to the Unemployment Rate Puzzle AB pointed to a line of thinking that suggests that increasing numbers of people on disability may be contributing to the fall in the…

The Perpetual Declining Unemployment Machine This week’s initial unemployment claims, in another report released this morning, were 386,000. Since the revised figure for last week is 391,000, headlines can justly…

…Reserve Economic Database (FRED) maintained by the St. Louis Fed. It has data on the unemployment rate for Indiana here. One can use FRED’s graphic capability to index that unemployment…

…what might happen in the next few years.  It would be wrong, though, to think that our Figure 2 menu that related obtainable price and unemployment behavior will maintain its…

…= Real GDP x Labor Share of Income / Capacity Utilization x (1 – Unemployment Rate) I’ll unpack that below. But first my explanation and understanding. First: Effective Demand is…