By Frank Stricker November 25, 2022 Employment and Unemployment The Bureau of Labor Statistics’ (BLS) employment report for October was a mixed bag. The unemployment rate rose by 0.2% to 3.7% and there were 306,000 more unemployed people than in September. A rate of 3.7% is far from full employment. When one adds people who want… Read More Jobs: And the Beat Goes On for Now (October 2022 Labor Market Analysis)
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
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
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
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?
