Unemployment Is Down, but Unworked Hours Are Still High

Buffie, Nick, (2016), “Unemployment Is Down, but Unworked Hours Are Still High”, Center for Economic and Policy Research, 5 Μαΐου

This Friday morning, the Bureau of Labor Statistics will release the latest jobs figures for the month of April. The unemployment rate and the number of jobs created will likely be the major focuses of most reporting. But there is an important and less noticed problem in today’s economy. Specifically, the weakness of the current labor market has less to do with high unemployment and more to do with high underemployment.

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• Dixon, Robert, Lim, Guay, Van Ours, Jan, (2016), “Output gaps and unemployment by age and gender”, Voxeu, 3 Μαΐου
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