Moving Towards Lower Unemployment

There are two main types of unemployment : cyclical and structural. Cyclical unemployment is caused by a downturn in the business cycle. Structural unemployment is caused by changes in the structure of the economy An…

Are Jobless Recoveries The New Norm?

This week at Vox EU an interesting piece by Henry Siu & Nir Jaimovich argues that jobless recoveries, at least in the United States, are the new norm. It’s called “Jobless recoveries and the disappearance of routine…