The US natural unemployment rate and the Fed’s interest rate policy
In May the US unemployment rate stood at 5.5% against the rate of 5.3% for the natural unemployment also known as the Non-Accelerating Inflation…
Read MoreUnemployment
Confusion over US unemployment
Unemployment is the one statistic that one would have thought is easy to define: just total up the number of people on unemployment benefit…
Read MoreUnemployment and groupthink
On Friday 6th February the American Bureau of Labor Statistics (BLS) released its employment estimates for January, which being better than the market expected,…
Read More
If this is capitalism, I am not a capitalist
This post originally appeared on www.stevebaker.info. I spoke last night in the general debate on the economy, saying*: As I rise to speak I…
Read More
Is there a link between unemployment and economic growth?
Most commentators are of the view that the key for US economic recovery is drastically lowering the number of unemployed Americans. Once more people…
Read More