hat can be done about mass unemployment? All the wise heads agree: There are no quick or easy answers. There is work to be done, but workers aren't ready to do it — they're in the wrong places, or ...

As I noted in a previous post, economists define three types of unemployment: frictional, structural, and cyclical: Frictional unemployment is defined as the unemployment that occurs because of people ...

Structural unemployment is a persistent issue in the labor market, primarily driven by technological changes and the evolving needs of industries. Unlike other forms of unemployment, it is not tied to ...

Dean Baker defends the cyclical interpretation of unemployment and advocates government spending to create demand for jobs. Photo courtesy of Justin Sullivan/Getty Images. The United States currently ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Katrina Ávila Munichiello is an experienced ...

IN DISCUSSIONS of the slow recovery of America's labour market, the shortfall in aggregate demand is the elephant in the room. Unemployment fell much more rapidly after the 1981-82 recession, largely ...

Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. Chris Ryan / Getty Images Frictional and structural unemployment are two ...

You’ve read the good news. The official unemployment rate has leveled off. But that is like saying of a patient on life support that at least he isn’t losing any more blood. Job creation still isn’t ...

I regard this as really rather sad. Felix Salmon notes that there's been a rise in structural unemployment in the US in the recent recession. Which indeed there has been. As long as we accept the ...

THE Beveridge curve plots the relationship between job openings and unemployment. Typically, job openings lead to falling unemployment in a linear(ish) fashion, and when data departs from this typical ...

Cyclical and structural unemployment can be hard to tell apart. For example, suppose that a business owner would like to hire someone to operate a complicated piece of machinery, and needs someone ...