Dec 13, 2014

The long and the short of America’s job market 2014-12-05 | Espresso

America’s November jobs figures, due today, should demonstrate the cross-currents vexing the Federal Reserve as it ponders when to raise interest rates from zero. On the surface, all is well: economists expect non-farm payrolls to have risen by 230,000, continuing a solid run, and the unemployment rate to stay at 5.8%. But a more complex pattern lies beneath. Long-term unemployment (ie, of more...

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