News
Bloomberg | Gross Says U.S. Economy Suffering From ’Structural’ Unemployment
Bill Gross, manager of the world’s largest mutual fund, said U.S. unemployment is now a structural, and not cyclical, problem stemming from technology advances and the lack of retraining.
Econ Comments & Analysis
WSJ | College Grads Need Jobs, Not a Lower Loan Rate
President Barack Obama has been on a tour of college campuses touting proposals to lower student loan repayments for college graduates. He hopes to rekindle the enthusiasm of young voters, who in 2008 favored him over Sen. John McCain by more than two-to-one.
NBER | Hiring, Churn and the Business Cycle
Churn, defined as replacing departing workers with new ones as workers move to more productive uses, is an important feature of labor dynamics. The majority of hiring and separation reflects churn rather than hiring for expansion or separation for contraction.
Blogs
Economist | The pace we've come to expect
For the second month in a row, America’s labour market has disappointed, once again raising questions about whether the economic recovery is truly entrenched.
WSJ | Why Did the Unemployment Rate Drop?
The U.S. unemployment rate dropped to 8.1% in April but a broader measure was unchanged at 14.5% and a separate survey noted that the economy added a paltry 115,000. Why the drop?
