Posts Tagged ‘output gap’

  • Economics news summary and the Phillip's Curve

    Three “Tear-Water” Graphs

    Jul 27, 14 • 1007 Views • No Comments

    The U.S. has had an economic recovery from the Great Recession with sluggish GDP growth, a worrisome output gap and slowly diminishing unemployment. ......  [read more]

  • Job Gains in Texas and Losses in Caifornia and Florida

    Human Capital: Unemployment Predictions

    Jun 13, 13 • 663 Views • No Comments

    Tepid. Called “tepid,” during May, the US unemployment rate was 7.6% and job creation was an “okay” 175,000. The Hamilton Project at the Brookings Institution perfectly displays what tepid means. If we add 175,000 jobs monthly (orange......  [read more]

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    Understanding the Jobs Report

    Jul 9, 11 • 549 Views • No Comments

    Hearing yesterday’s jobs report, most people said, “No good news.” Lower wages, almost no hiring, less time on the job and 9.2% unemployment meant more worries about the economy. These facts might provide some insight. The output gap:......  [read more]

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    More On Unemployment

    Oct 11, 10 • 508 Views • No Comments

    These are great graphs! In just a minute or 2, through a series from The Washington Post, you can understand our employment problems. Our starting point is potential output during the past decade. We see how much we could have produced if our land, labor, and......  [read more]