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

Book Review: The Case for a Job Guarantee (1)

Pavlina R. Tcherneva (2020), The Case for a Job Guarantee, Cambridge: Polity Press, ₤9.99, pp. 140, pbk. doi:10.1017/S0047279421000568 Review by Martin Watts, University of New Castle, Australia Reprinted with permission, Journal of Social Policy. (2021), 50, 4, 891-901 © The Author, 2021. Published by Cambridge University Press. Monetary policy has been the dominant strand of… Read More Book Review: The Case for a Job Guarantee (1)

Unemployment in November 2021: Jobs Report Analysis

by Frank Stricker The Counts The Bureau of Labor Statistics (BLS) job report for November 2021 showed that unemployment was just 4.2%. That looks pretty good, but we in the National Jobs for All Network (NJFAN) believe this official number is an undercount. We add part-timers who want full-time work and people who say they… Read More Unemployment in November 2021: Jobs Report Analysis

Poverty Rates Down in 2020–Miracle or Mirage?

by Frank Stricker Did poverty rates rise or fall in 2020, the first year of the COVID pandemic? The answer to that question is somewhat complicated. On September 15th of this year the U.S. Census Bureau released its poverty estimates. For the last decade those estimates have appeared in two separate reports. Using relatively new… Read More Poverty Rates Down in 2020–Miracle or Mirage?

What is Full Employment – and Why the Definition Matters, by Philip Harvey

What is Full Employment—and Why the Definition Matters Paper Presented at the International Post Keynesian Conference University of Missouri at Kansas City, Sept. 17, 2016 by Philip Harvey* * Professor of Law and Economics Rutgers Law School pharvey [at] rutgers.edu What is Full Employment and Why the Definition Matters