Jobless America, Part 2

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…

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…