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

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 – January 2016

JANUARY 2016 Unemployment Data–the Full Count* (U.S. BUREAU OF LABOR STATISTICS) OFFICIAL UNEMPLOYMENT: 4.9%* White      4.3% African American 8.8% Hispanic 5.9% Asian**                           3.7% Persons with a disability**    10.8% Men 20 years and over 4.5% Women 20 years and over 4.5% Teens (16-19 years) 16.0% Black teens 25.2% Officially unemployed 7.8 million *If… Read More Unemployment Data – January 2016

Why are Men of Prime Age Missing from the Labor Force?

SPECIAL REPORT 7  October 2013 [slightly edited 6/16] by June Zaccone, Assoc. Prof. of Economics (Emerita), Hofstra University and NJFAC Executive Committee The official unemployment rate fails to reveal the full social burden that our slow recovery imposes on workers and on our economy as well. This limitation is created by the disappearance of millions… Read More Why are Men of Prime Age Missing from the Labor Force?

The Labor Force Participation Rate and It Trajectory–Why It Matters

by June Zaccone, Assoc. Prof. of Economics (Emerita), Hofstra University and member, NJFAC Executive Committee. Special Report 5 June 2015; Graphs have been updated 2/20 If the LFPR were at its pre-recession level, the unemployment rate in September 2013 would have been 10.2% instead of 7.2%. The participation rate and its changes can lead to… Read More The Labor Force Participation Rate and It Trajectory–Why It Matters