Let’s Remove Unemployment

Let’s Remove Unemployment
Unemployment exists in order for employers to be able to buy cheap labor. Through policy, employers maintain the unemployment rate at a level that suits them best. A higher unemployment rate produces a cheap labor force because the workers are pressured to …
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High Unemployment: Cyclical or Structural?
Unemployment is edging down, but the fraction of the unemployed who have been idle more than a year remains near a record high. In the first three months of the year about 30% of the unemployed – more than 3.9 million people – had been jobless for a …
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What Is The Real Unemployment Rate?
Donald Trump said the following in an interview with Time magazine: Don’t forget in the meantime we have a real unemployment rate that’s probably 21%. It’s not 6. [It’s] not 5.2 and 5.5. Our real unemployment rate—in fact, I saw a chart the other …
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U.S. Unemployment Up in February
PRINCETON, NJ — U.S. unemployment, as measured by Gallup without seasonal adjustment, increased to 9.1% in February from 8.6% in January and 8.5% in December. The 0.5-percentage-point increase in February compared with January is the largest such month-to …
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