Ben Casselman of FiveThirtyEight writes:
Prime-age employment rate hits 78.7%, highest since September 2008.
Of course we still have a long way to go to get back to the peak of about 17 years ago.
Aug 7 2017
Moore's Law is optimistic and reflects the ability of humans to "chip" away at a problem, making sequential, cumulative advances. Much of technology fits this pattern. One glaring exception, tragically, is the drug development conducted by pharmaceutical companies. It is hugely expensive and has gotten more so each yea...
Aug 7 2017
After pegging the Swiss franc at 1.2 per euro for a period of about three years, the Swiss National Bank suddenly revalued the franc sharply higher in January 2015, in a surprise contractionary move. They also cut interest rates sharply, a near perfect (and very rare) example of NeoFisherism in action. In the months ...
Aug 5 2017
Ben Casselman of FiveThirtyEight writes: Prime-age employment rate hits 78.7%, highest since September 2008. Of course we still have a long way to go to get back to the peak of about 17 years ago.
READER COMMENTS
Thaomas
Aug 6 2017 at 7:03am
And can that still low employment ratio, the very slow recovery, and the slow growth in real wages not all point to the Fed’s failure to maintain price level growth at 2% pa?
David R Henderson
Aug 6 2017 at 10:51am
Thaomas,
I doubt it. The economy has had years to adjust so that the wage inflexibility, which the 2% inflation rate is presumably supposed to offset, should have gone away by now. I think it’s more of a disability insurance and minimum wage story.
john hare
Aug 6 2017 at 4:07pm
I wish employment rate would be the default term instead of unemployment rate in the various news sources. To me, it is a much more honest statement of conditions.
Anh Ha
Aug 6 2017 at 7:27pm
We know that on January 1st, 2018, the minimum wage will increase to $15 per hour. However, there is some problem toward increasing the minimum wage:
1) It will increase the unemployment in the economy due to the strong trade union powers while the owners of the company will try to survive on their out put prices.
2) The second effect is this minimum wage will lead to reducing the voluntary unemployment in the economy.
Do you think that increasing the minimum wage is the good thing?
Comments are closed.