Tag Archives: unemployment

Permanently higher unemployment (!)

I read a lot of economic news, and it’s not every day I come across an article as startling and unnerving as this report that the “natural” rate of unemployment may have increased from 5% to 7%. That’s the word … Continue reading

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Two calls for jobs

The job market is a little less dismal today. The jobless rate apparently decreased to 10 percent. That is a modest step forward, although I’m not aware of anyone predicting a quick return to the mis-named “full employment” (which is … Continue reading

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Replacing welfare, part I

California’s ever-worsening budget situation has treated us to a variety of doomsday scenarios; these include some ideas that are so absurd and awful it is tempting to dismiss them as idle threats or paranoid fantasies. Sometimes, these are obviously not … Continue reading

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