A weed, Crabgrass, taking root. When someone says, “if we raise the minimum wage, there will be more unemployment.” That may be true, but their fear of unemployment is…

…as a variable, rather than a fixed overhead cost. In February 2010, the U.S. official unemployment rate was 9.8%. The word “unemployment” doesn’t appear in the 50-page IAWG report on…

…(link to FRED graph) If labor share (real unit labor costs) starts to rise, then there is more room for unemployment to drop. However, if labor share stays steady, unemployment…

…lagged inflation and unemployment. This is alleged to be an empirical observation. Now the Taylor rule is not derived from an optimization problem — the standard assumption that private economic…

…I’d add a couple of things. Cochrane wrote “With the 2013 sequester, Keynesians warned that reduced spending and the end of 99-week unemployment benefits would drive the economy back to…

…huge catastrophic effect on GDP of the end of extended unemployment insurance. The GDP decline is universally ascribed to extremely cold weather. The association between unemployment insurance cuts and the…

…might cause permanently high unemployment (not high enough to break the downward nominal wage rigidity). It is clear that 2% inflation is consistent with low unemployment. It possible that a…

…recession at the moment. Now I will do a regression with this line against 3 variables. Capacity Utilization (TCU) Unemployment rate (UNRATE) Labor share index, non-farm business (LSI) Generally in…

…said the unemployment rate would have jumped to about 20%? So, would Jeb Bush—knowing then what we know now, about the near-collapse of the banking system, and of the economy,…

…same unemployment rate for higher employment. Employment can increase (if the no turnover labor demand curve is close to flat) provided unemployment stays high enough to keep people from quiting….