More Recovery and Reform, Please! The Employment Situation—December 2021

By FRANK STRICKER Here are four key points to consider about the December 2021 Jobs report. 1. Just Pretty Good.  This is not a bad job report. Even though we in the National Jobs for All Network believe it is a serious undercount, a 3.9% unemployment rate is historically quite a low official unemployment rate. And… Read More More Recovery and Reform, Please! The Employment Situation—December 2021

Unemployment Data–DECEMBER 2021

December 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: 3.9%*[ANALYSES by EXPERTS] White     3.2% African American 7.1% Hispanic 4.9% Asian¹           3.8% Persons with a disability¹  … Read More Unemployment Data–DECEMBER 2021

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