…resource utilization relative to past periods of high unemployment. Why would extended unemployment benefits increase the unemployment rate? In order to claim unemployment benefits, one must be “in the labor…

…not support our friends’ conclusions. When I look at the data what I see is that the teenage unemployment rate seems to move in lockstep with the unemployment rate for…

…This estimate is called unemployment minus the NAWRU (non accelerating wage inflation rate of unemployment). We will call unemployment – NAWRU “cyclical unemployment” even though it is agreed that the…

…1980s, while white unemployment was bad, black unemployment exceeded it by over 10%! There has been general improvement in each expansion since, with black unemployment exceeding white unemployment by only…

…some important recent International Monetary Fund data on the generosity of a number of countries’ unemployment benefits. The metric used is the gross replacement rate (GRR) the ratio of unemployment…

…over extending inadequate unemployment benefits. The unemployment crisis has its origins in the housing crash, but the prior deregulation of the labor market made the fallout more severe. Like other…

The unemployment rate is not *uniquely* overestimating the “true” employment situation Bill McBride a/k/a Calculated Risk put up an entry over the weekend positing that the employment situation is worse…

…longer term unemployment. Earlier this week I pointed out that just as initial claims lead continuing claims, so does short term unemployment (under 5 weeks) lead long term unemployment (15…

…of unemployment is structural. In contrast, the US level of unemployment is NOT, not even close. The chart above illustrates the components of the OECD’s indicators of employment protection. Also,…

…for unemployment and Darby’s corrected version. Figure 2. Big difference, eh? Of course, unemployment was relatively high all the way through the start of World War 2. The Great Depression…