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The view that technology is unlikely to lead to long-term unemployment has been repeatedly challenged by a minority of economists. [who?] In the early 1800s these included David Ricardo himself. There were dozens of economists warning about technological unemployment during brief intensifications of the debate that spiked in the 1930s and 1960s.
As for the concern that productivity growth drives unemployment, the very idea is controversial, and it depends on whatever the true reality may be in the relationship of automation to unemployment. Certainly a pattern of multiple jobless recoveries , where GDP grows while employment stagnates, makes the public wonder about firms' assurances ...
There has been considerable debate over how much a role structural unemployment plays in the persistently high unemployment rates seen in much of the world since the 2007-09 global recession. Narayana Kocherlakota , then president of the Federal Reserve Bank of Minneapolis, said in a 2010 speech that as much as 3 percent of the 9.5 percent ...
(The Center Square) — According to data from the U.S. Bureau of Labor Statistics, the seasonally-adjusted jobless rate in Florida was 3.4% in November, 0.1 %age points higher than last month ...
The state has made filing easier by lifting the requirement that the jobless search for new employment immediately. That’s great news. It will be greater still if the whole thing functions smoothly.
Despite the gains, the state has seen increases in people leaving jobs for 14 consecutive months to pursue better pay and benefits. Florida unemployment holds at 3% in May despite people exiting ...
There are many domestic factors affecting the U.S. labor force and employment levels. These include: economic growth; cyclical and structural factors; demographics; education and training; innovation; labor unions; and industry consolidation [2] In addition to macroeconomic and individual firm-related factors, there are individual-related factors that influence the risk of unemployment.
South Florida’s tri-county region posted 2.6% jobless mark last month. Florida jobless rate stays at 2.7% in August. Miami metro area boasts state’s lowest unemployment