Blogs
WSJ: Real Time Economics | Recession Widened Education Gap in Job Market
But while Labor Department figures show that workers with four-year college degrees face the toughest job market on record, for workers with less education, it’s been far tougher.
Marginal Revolution | How are nominal wages sticky for the *unemployed*?
In terms of the financial crisis, Keynesian theory explains the initial lay-offs fairly well, but it — at least the sticky nominal wage version — has a tougher time explaining unemployment persistence at such a high level.
