It is tough to time the Fed rate hike because we cannot specifically estimate NAIRU and know the level of unemployment that will stimulate inflation.
This week’s economic news summary includes the diner’s dilemma and marginal analysis, property rights in outer space, the Phillip’s Curve and unemployment.
One reason we have a labor force participation rate of 62.4 percent is because retirees, students, the disabled and people who care for family do not work.
Looking at U.S job growth and declines, Nobel Laureate Michael Spence says the problem is job growth in the non-tradable sector with less value added.
This week’s economic news summary included unexpected insight from credit scores, the natural resource curse, and what the bacon cheeseburger can tell us.
Whereas immigration can result in more workers, their impact on wages can be neutral because those immigrants create more demand which leads to more jobs.
While job related reasons like unemployment and a new job are cited as likely reasons for interstate migration, marriage and taxes also matter.
To fuel French economic growth, productivity and employment, a controversial law will allow more Sunday shopping but the business/leisure debate continues.
Our Posts Roundup Sunday 3.08.15 What we don’t know about Daylight Saving…more Monday 3.09.15 Why Apple is like the old AT&T…more Tuesday 3.10.15 What we can learn from a mail truck…more Wednesday 3.11.15 How to find out the real jobs numbers…more Thursday 3.12.15…