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The economic data published on FRED are widely reported in the media and play a key role in financial markets. In a 2012 Business Insider article titled "The Most Amazing Economics Website in the World", Joe Weisenthal quoted Paul Krugman as saying: "I think just about everyone doing short-order research — trying to make sense of economic issues in more or less real time — has become a ...
CBO reported several options for addressing long-term unemployment during February 2012. Two short-term options included policies to: 1) Reduce the marginal cost to businesses of adding employees; and 2) Tax policies targeted towards people most likely to spend the additional income, mainly those with lower income.
The Beveridge curve, or UV curve, was developed in 1958 by Christopher Dow and Leslie Arthur Dicks-Mireaux. [2] [3] They were interested in measuring excess demand in the goods market for the guidance of Keynesian fiscal policies and took British data on vacancies and unemployment in the labour market as a proxy, since excess demand is unobservable.
Like "credit default swaps" and "quantitative easing," "long-term unemployment" was a term seldom heard before the 2007 financial crisis. Now it is a very grave reality for 1.3 million Americans ...
Long-term unemployment could potentially create even longer-term problems for the nation's budget deficit and the quality of the U.S. workforce. With more than 6.1 million workers reporting that ...
There are now millions of people who are in the long-term, figure-out-how-to-pay-your-bills-yourself jobless category. And while the government may choose not to count them because they no longer ...
The number of long-term unemployed (those jobless for 27 weeks or more) declined by 293,000 in June to 3.1 million; these individuals accounted for 32.8 percent of the unemployed. Over the past 12 months, the number of long-term unemployed has decreased by 1.2 million." [35]
The rule only relies on a single data series, national unemployment, which is published monthly by the BLS. This differentiates the index from other recession indicators based on statistical models, which may rely on dozens of inputs. [12] Further, unemployment can be more easily understood than complex financial series. [13] [14]