structural unemployment

Below Market Wages Belies Claims of Structural Unemployment

/ Jim Luke

Continuing what has turned into a short series on unemployment and structural unemployment in particular (see Monday and yesterday's posts), let us look at some of the claims that structural unemployment. First up, Brad Delong points us to Kevin Drum who tells the following story: Kevin Drum: Skilled Jobs Go Begging? Not Quite: The Wall … Continue reading Below Market Wages Belies Claims of Structural Unemployment

Fixes for Unemployment Depend on Whether It’s Cyclical (It Is) or Structural (It Isn’t)

/ Jim Luke / 5 Comments

Yesterday I recapped the November employment report. The employment picture remains grim.  The workers depression continues. As my favorite graph from Calculated Risk shows here, regardless of what happens to the unemployment rate, our recovery from the jobs lost in the recession is incredibly slow.  At the pace we have been on for the last … Continue reading Fixes for Unemployment Depend on Whether It’s Cyclical (It Is) or Structural (It Isn’t)