Prepare yourselves, readers. We're going to get wonky today. Last week the government released the latest data in the Job Openings and Labor Turnover Survey (JOLTS). It allows us to see how trends like job openings, job seekers, layoffs, hires and voluntary quits are behaving, thus providing a more informative picture of how and where the economy is recovering.
The Unemployment Rate Is Higher Than It Should Be — And That Might Be A Good Thing
The Week - Business, The Week: Business
Tue, 05/19/2015 - 2:22am
Topics: job openings labor turnover survey jolts december shifts on monday nick bunker washington center equitable growth federal reserve bank st louis labor put jolts beveridge curve bunker u.s higher good unemployment rate force recession economy people percentage work unemployed portion policy data participation bad tracks outward suggests slump recessions government point long-term sign post-2008 american result normal i.e americans worse time lot recovering reason economists generally top regular benefits longer recovery hole big dropping smaller
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