Tuesday , April 8 2025

Stop Fearing Full Employment

Summary:
August’s Employment Report showed the unemployment rate fell to 5.1 percent and creation of 173,000 new jobs. Predictably, the decline in the unemployment rate has triggered calls for higher interest rates from Wall Street Hawks on grounds that higher core inflation is just around the corner. That is the same call we heard when the [...]

Topics:
Thomas Palley considers the following as important: , ,

This could be interesting, too:

Lars Pålsson Syll writes Schuldenbremse bye bye

Lars Pålsson Syll writes What’s wrong with economics — a primer

Lars Pålsson Syll writes Krigskeynesianismens återkomst

Lars Pålsson Syll writes Finding Eigenvalues and Eigenvectors (student stuff)

August’s Employment Report showed the unemployment rate fell to 5.1 percent and creation of 173,000 new jobs. Predictably, the decline in the unemployment rate has triggered calls for higher interest rates from Wall Street Hawks on grounds that higher core inflation is just around the corner. That is the same call we heard when the [...]
Thomas Palley
Dr. Thomas Palley is an economist living in Washington DC. He holds a B.A. degree from Oxford University, and a M.A. degree in International Relations and Ph.D. in Economics, both from Yale University.

Leave a Reply

Your email address will not be published. Required fields are marked *