Recalling the Misery Index and concerns about inflation, we can ask whether economists believe that inflation or unemployment make us sadder.
Seemingly evident through a monthly report that states the jobless rate and job losses or gains, real unemployment figures can be hidden.
When we try to figure out the pandemic’s economic outlook, we can ask economists which metrics they would select.
By looking at job openings, hires, and quit rates in the JOLT Summary, we can get some unemployment insight about tighter labor markets.
For all economic crises, some economists tell us, “This time it’s different,” while others disagree with their new solutions.
To decide the strength of our economic recovery since the Great Recession, we can use seven numbers or just one that might be most important.
Showing the connection between inflation and unemployment, the Phillips Curve has been re-interpreted, re-affirmed and condemned as a monetary policy tool.
Our economic news summary includes underutilizing female labor, delayed gratification, pricing medical care, interstate migration & assessing labor markets.
Including the unemployment, quits and participation rates, Janet Yellen’s labor market indicators will help her decide whether to raise interest rates.