Category: Unemployment

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.

Jobs Figures Keep Improving

Since last summer, the government has consistently underestimated job growth in its first report. That may indicate that today’s report of a February gain of 227,000 jobs is also an understatement.