Weekly Roundup: From Turkey to Buffalo

This week’s everyday economics include competition, oligopoly, marginal cost and benefit, GDP growth, unemployment, supply and demand, OPEC, redistribution.

What An Unemployment Rate Does Not Tell You

A single statistic like the unemployment rate for Japan, the European Union and the U.S. can be misleading until we look more closely at what it represents.

A Closer Look at the EU 28 Economic Growth Rate

Looking at a European average economic growth rate, unemployment rate and GDP to debt ratio is misleading because of countries’ disparate economies.

Three "Tear-Water" Graphs

The U.S. has had an economic recovery from the Great Recession with sluggish GDP growth, a worrisome output gap and slowly diminishing unemployment.

Problems With the Unemployment Rate

Almost everyone is saying the unemployment rate is a problem. At 6.6% and with job creation at 113,000, the numbers reflect a troubled jobs market. The problem, though, might be the statistic. We began collecting employment statistics during the 1880s.…

Which College Grads Have Unemployment Problems?

With a 6.7% unemployment rate and 74,000 jobs created for December, are you okay if you have a bachelor’s degree? I discovered some answers in a new paper from the NY Fed. Unemployment and underemployment for recent college graduates have been…