What is Full Employment – and Why the Definition Matters

by Philip Harvey* Paper Presented at the International Post Keynesian Conference University of Missouri at Kansas City Sept. 17, 2016 *Professor of Law and Economics Rutgers Law School pharvey [at] rutgers.edu https://njfac.org/wp-content/uploads/2021/12/What-is-Full-Employment-and-Why-the-Definition-Matters-revised-1.pdf ABSTRACT: In the wake of the dotcom boom in the late 1990s, a growing number of progressive economists began referring to 4% unemployment… Read More What is Full Employment – and Why the Definition Matters

Unemployment Data–NOVEMBER 2021

November 2021 Unemployment Data–the Full Count The BLS estimates that official unemployment this month may be understated by up to 0.1%, reflecting measurement problems. (U.S. BUREAU OF LABOR STATISTICS) OFFICIAL UNEMPLOYMENT: 4.2%*[ANALYSES by EXPERTS] White     3.7% African American 6.7% Hispanic 5.2% Asian¹           3.8% Persons with a disability¹  … Read More Unemployment Data–NOVEMBER 2021

Unemployment Data–OCTOBER 2021

October 2021 Unemployment Data–the Full Count The BLS estimates that official unemployment this month may be understated by up to 0.1%, reflecting measurement problems. (U.S. BUREAU OF LABOR STATISTICS) OFFICIAL UNEMPLOYMENT: 4.6%*[ANALYSES by EXPERTS] White     4.0% African American 7.9% Hispanic 5.9% Asian¹           4.2% Persons with a disability¹  … Read More Unemployment Data–OCTOBER 2021

Unemployment Data–SEPTEMBER 2021

September 2021 Unemployment Data–the Full Count The BLS estimates that official unemployment this month may be understated by up to 0.1%, reflecting measurement problems. (U.S. BUREAU OF LABOR STATISTICS) OFFICIAL UNEMPLOYMENT: 4.8%*[ANALYSES by EXPERTS] White     4.2% African American 7.9% Hispanic 6.3% Asian¹           4.2% Persons with a disability¹  … Read More Unemployment Data–SEPTEMBER 2021