Minneapolis Fed President Narayana Kocherlakota and others have been arguing that there is little the Fed can do about the unemployment problem because it is mainly structural in nature. I don't agree ...
An increase in U.S. aggregate labor demand reflected in rising job vacancies has not been accompanied by a similar decline in the unemployment rate. Some analysts maintain that unemployed workers lack ...
You’ve read the good news. The official unemployment rate has leveled off. But that is like saying of a patient on life support that at least he isn’t losing any more blood. Job creation still isn’t ...
Dean Baker defends the cyclical interpretation of unemployment and advocates government spending to create demand for jobs. Photo courtesy of Justin Sullivan/Getty Images. The United States currently ...
As I noted in a previous post, economists define three types of unemployment: frictional, structural, and cyclical: Frictional unemployment is defined as the unemployment that occurs because of people ...
What can be done about mass unemployment? All the wise heads agree: There are no quick or easy answers. There is work to be done, but workers aren’t ready to do it — they’re in the wrong places, or ...
Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Cyclical unemployment rises during ...
I regard this as really rather sad. Felix Salmon notes that there's been a rise in structural unemployment in the US in the recent recession. Which indeed there has been. As long as we accept the ...
What can be done about mass unemployment? All the wise heads agree: there are no quick or easy answers. There is work to be done, but workers aren’t ready to do it they’re in the wrong places, or they ...