Excellent News: US Unemployment Rate Rises

Excellent News: US Unemployment Rate Rises
We do not normally take a rise in the unemployment rate as being good news. And yesterday it was announced that the US unemployment rate has indeed risen. And yet this is good news: it shows that one of the most pernicious overhangs of the Great Recession …
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Here’s How the Fed’s Unemployment Projections Could Change This Week
How low can you go? It’s a topical question as the Federal Reserve meets in Washington this week. Federal Open Market Committee officials in March projected that the level of unemployment would fall to 4.7 percent in the fourth quarter before rebounding …
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The Human Disaster of Unemployment
THE American economy is experiencing a crisis in long-term unemployment that has enormous human and economic costs. In 2007, before the Great Recession, people who were looking for work for more than six months — the definition of long-term unemployment …
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