Part 1 For anyone who follows the news, stories of the improving job market are becoming increasingly common, such as how jobless claims are falling: Jobless Claims in U.S. Decline to Lowest Level in Four Decades …or how the unemployment rate is low: U.S. unemployment falls to 4.9% before election – Nov. 4, 2016 As… Continue reading Jobless America, Part 2
Tag: unemployment
Economics Myths, Part 3: Full Employment is Good
Some may be surprised to learn that ‘full employment’, as defined by a 0% or near 0% unemployment rate, is neither feasible nor economically desirable. The definition of ‘full employment’ can have many meanings, the definition accepted by economists generally allows for some unemployment, but for ‘full employment’ to occur anyone who wants to work… Continue reading Economics Myths, Part 3: Full Employment is Good