A drop in the supply of workers, as much as a drop in demand, can explain the high ratio of unemployed to available jobs, an economist writes.
Category: Daily Economist
What Job Openings Tell Us
A drop in the supply of workers, as much as a drop in demand, can explain the high ratio of unemployed to available jobs, an economist writes.
The Flawed Case for Fiscal Stimulus
The safety-net programs in the federal stimulus that helped fight the recession came at a cost of weakening incentives to work or hire, an economist writes.
Our Dis-Integrated Economy
Outsourcing continues to grow and hampers job creation in the United States, an economist writes.
Structural Unemployment and Good Jobs
Inadequate demand — rather than mismatches between job requirements and skills — is the major reason for the elevated unemployment rate, an economist writes. But even as the jobless rate declines, skill requirements for good jobs will continue to rise.
Mean-Spirited, Bad Economics
Punishing the long-term unemployed by refusing to extend benefits is bad economics and cruel social policy, an economist writes.
Where the Jobs Were Lost
Higher-income people fared much better on the employment front during the recession than those in lower-paying jobs, an economist writes.
Don’t Expect a Full Labor-Market Recovery
Job-market growth should keep up with population growth, an economist writes, but don’t expect a whole lot more.