Unemployment

Mark Thornton discusses the history of record low unemployment rates and the business cycle.

There is an undeniable negative trend in European employment and wages that is a direct consequence of constantly increasing intervention in the economy.

It's only a good time to be a worker in America if one confuses falling real wages and falling full-time employment with robust employment conditions. 

Economic factors are only some of the reasons why men are leaving the workforce. The decline of marriage has also lowered the supply of workers by lessening incentives for workers.

While behavioral economics claims to be an effective way of measuring individual economic behavior, it actually sets back authentic economic analysis.

Unemployment remains low but for the wrong reasons. Low unemployment rates are not a sign that the economy is doing well.

There appears to be a six-million-man gap between the number of men in the prime age group—age 25–54—and the number of those men actually in the workforce.

From March 2022 to November, the number of total employed persons has only increased by 12,000 people meaning there are fewer employed people now than before the covid panic.

The jobs data is worse than the latest headlines suggest, and workers are staring at falling real wages, declining savings, and mounting debt. We can thank the Fed. 

After following hyper-Keynesian policies for more than two decades, the Fed is about to create the conditions that Keynesians claimed were impossible: an inflationary recession.