When an economy is humming, there are lots of job openings and low unemployment. When the economy is malfunctioning, there are few openings and unemployment is high. The regular relationship between job openings and unemployment is called the Beveridge Curve. If … read more
Here’s a somewhat contrarian explanation of the declining labor force participation rate from J.P. Morgan Asset Management in a market bulletin titled ”The Labor Force Participation Puzzle,” which concludes that almost 70% of the decline since the end of the Great Recession can be explained by … read more
As I mentioned earlier today, AEI economist Kevin Hassett recently gave provocative congressional testimony offering some possible micro-suggestions to help the long-term unemployed: 1. Direct hiring into government jobs. The stigma of long term unemployment may be ameliorated by a short run … read more
