April 2020 Labor Force Events
6.4 million people left the labor force. These are true “discouraged workers.” And no wonder. At every turn we are bombarded with bad news about COVID-19. Continue Reading →
Tag Archives: unemployment
The Average Duration of Unemployment
The average duration of unemployment in 2014 is still higher than it was in 2010. I’ve written a great deal over the years about the decrease in the labor force participation rate and its implications for the U.S. economy. But, frankly, this took me by surprise. Anyone who still thinks the U.S. economic “recovery” is real should check their privilege. Continue Reading →
Prof. Taylor Fails History
In other words, monetary policy is more effective when an overheated economy needs cooling off. Expansionary policy, on the other hand, is not quite so effective. Continue Reading →
The Labor Force Participation Rate (LFPR): A Closer Look
The Great Recession has had dreadful consequences for younger workers. The U.S. is on the verge of losing a generation of young adults who simply cannot find work and have given up looking. Continue Reading →