The question is actually one of the most studied in all of economics and still doesn’t have a definitive answer – though Nobel-winning economist David Card got us closer.
Nigeria’s post COVID-19 economic recovery plan has resulted in only marginal improvements in economic growth, manufacturing and foreign direct investment.
The drop in Australia’s unemployment rate in August is not a sign of improving labour market conditions. Instead it shows many gave up on looking for a job.
Politicians should take into account the psychological impact of being jobless.
Three pandemic-related unemployment benefit programs expire on Labor Day, putting millions of mostly low-income families in financial jeopardy.
The unemployment decline isn’t as impressive as it first appears, and wages growth remains sluggish.
The last time Australia’s unemployment rate was below 5% was June 2011.
Inflation, interest rates and booming mining royalties give the Morrison government scope to ignore the deficit daleks.
With the end of JobKeeper come changes that will force more people to search for work.
The recession was pinked-tinged, but so has been the recovery.
The widely reported unemployment rate – currently 6.3% – doesn’t fully reflect the reality of joblessness in the US economy.
Governor Lowe believes the unemployment rate will need to fall well below 5% before inflation climbs to the point where he needs to jack up rates.
The Reserve Bank should stick to its guns. Australia’s economy still needs all the support it can get.
Governments use a variety of labor market policies to support workers who lose their jobs – each with a different impact on a country’s well-being.
A high unemployment rate isn’t just bad for individuals without a job, and the costs aren’t just financial.
With 70 percent of its people under 30 years, Nigeria needs to harness the strength in its youthful population.
The economic status of Black Americans hasn’t changed since the Fed was handed its mandate in 1977. Could targeting Black unemployment, encouraging credit and reporting discrepancies narrow the gap?
The $600 federal jobless benefit may be generous, but that doesn’t mean is isn’t what workers and the US economy need.
More than eight out of 10 self-employed Australians have taken a significant financial hit from COVID-19, new ANUpoll data shows.
Several economists predict joblessness will eventually surpass the 25% rate experienced in 1933.