…to unemployment, Samuelson and Solow in 1960 suggested this implied a trade-off that policymakers could use. They could permanently have a bit less unemployment at the cost of a bit…

…her husband’s 1992 campaign.To be more exactly, the single best predictor is the change in the unemployment rate over the election year. (From the December data, which is released at…

…pertinent excerpts from Pigou and Dobb below.   *task: “a certain quantity of work to be done”   A.C. Pigou, Unemployment (1913) Some popular explanations of unemployment It would, however,…

…convoluted explanation is that there is a long-run, “natural” rate of unemployment that is unaffected by aggregate demand, therefore fiscal stimulus will result in inflation. Thus the only non-inflationary way…

…to labor is found by… Labor share/employment Employment = (1 – unemployment) Anwar Shaikh uses this measure of employment, (1 – unemployment), quite a bit in his work as I…

…applies even to the one aim which everybody now agrees comes in the front rank: the conquest of unemployment. There can be no doubt that this must be the goal…

…vigorously promulgated, we need not resign ourselves to mass unemployment. And although technological unemployment is not to be shrugged off lightly, its optimal solution lies in offsetting policies that create…

…you with this ancient Boomer reminiscence? Because the unemployment rate has only been lower than last month’s 4.3% in only six of the last 50 years, and only two of…

Richard Layard, How to Beat Unemployment, 1986: “If you ask the man in the street (not Wall Street) what has caused our unemployment, nine times out of ten he will…

…in view of stronger than expected activity—has coincided with slow transmission of declining unemployment rates into faster wage growth. Real wages in most large advanced economies have moved broadly with…