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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.
Some have argued that the recent lack of job creation in the United States is due to increased industrial consolidation and growth of monopoly or oligopoly power. [6] The argument is twofold: firstly, small businesses create most American jobs, and secondly, small businesses have more difficulty starting and growing in the face of entrenched existing businesses (compare infant industry ...
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.
Unemployment shot to 10.8%, which at the time marked its highest level since World War II. Why the US job market has defied rising interest rates and expectations of high unemployment Skip to main ...
As my colleague Douglas McIntyre described in "Unemployment problems are worse than meet the eye," unemployment in this recession is different -- what many are calling structural unemployment ...
Unemployment in the US by state (and 2 cities) for FY 2021 Unemployment by County (November 2021) Unemployment in the United States discusses the causes and measures of U.S. unemployment and strategies for reducing it. Job creation and unemployment are affected by factors such as economic conditions, global competition, education, automation ...
The unemployment rate increased to 4.2%. Hurricanes and a strike by Boeing ( BA ) workers weighed heavily on the October report , which was revised to show there were 36,000 jobs created last month.
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 ...