The Impact of a Legendary Economics Curve

Showing the connection between inflation and unemployment, the Phillips Curve has been re-interpreted, re-affirmed and condemned as a monetary policy tool.

Weekly Roundup: From Pricey Hips to Costly Lines

Our economic news summary includes underutilizing female labor, delayed gratification, pricing medical care, interstate migration & assessing labor markets.

Deciding if the Labor Market is Okay

Including the unemployment, quits and participation rates, Janet Yellen’s labor market indicators will help her decide whether to raise interest rates.

The Reason Jobs Numbers Don’t Have to be Real

Hearing the unemployment rate and jobs creation numbers, we should know the numbers weren’t real because the BLS seasonally adjusted them.

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…