Hi Jim,
> Or is unemployment not lower in NZ? If unemployment didn't fall, then
> that contradicts
> the orthodoxy.
Real unemployment is difficult for me to estimate momentarily, because of
the compilation of data and statistical presentation. For example, if you
just worked a few hours a week th
I wrote:
> > the standard macro explanation points to Okun's "Law,"
> > which says that for the US,
> > real GDP has to increase at about 3 per cent per year
> > simply to keep the
> > unemployment rate constant. This type of growth counteracts the
> > [unemployment-raising] effects of an increa
Hi Jim,
Thanks very much (I haven't gone outside yet, just reading your post).
> the standard macro explanation points to Okun's "Law," which says that for
the US,
> real GDP has to increase at about 3 per cent per year simply to keep the
> unemployment rate constant. This type of growth countera
Jurriaan wrote:
> Is anybody actually explaining thoroughly how it is possible to have a
> jobless recovery at all ?
the standard macro explanation points to Okun's "Law," which says that for the US,
real GDP has to increase at about 3 per cent per year simply to keep the
unemployment rate consta
> America's new-found
> protectionism is rooted in the election-year angst of the jobless
recovery.
> The forces of free trade are silent - unwilling to be characterised as
> anti-worker in this climate."
Is anybody actually explaining thoroughly how it is possible to have a
jobless recovery at a
America bets its bottom dollar
The US has talked down its currency to take on the far east, but British
investors are suffering
Nils Pratley
Friday October 3, 2003
The Guardian
It was almost a vintage summer for stock market investors. The FTSE 100
index drifted up gently, encouraged by generall
