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There is a growing chorus of policy analysts and pundits telling the country that we could have millions more jobs in manufacturing, if only we had qualified workers. This claim has the interesting feature that it places responsibility for the lack of jobs on workers, not on the people who get...
Persistent link: https://www.econbiz.de/10009651287
This report analyzes the wage and employment effects of the first three city-specific minimum wages in the United States –San Francisco (2004), Santa Fe (2004), and Washington, DC (1993). We use data from a virtual census of employment in each of the three cities, surrounding suburbs, and...
Persistent link: https://www.econbiz.de/10008921764
-market difficulties. Labor-market institutions seem to explain the different developments in the two economies. Danish institutions …-market institutions, which emphasize job security by keeping workers connected to their current employers, may have drawbacks when the …
Persistent link: https://www.econbiz.de/10009024458
From the early 1990s through the peak of the last business cycle, relatively low U.S. unemployment rates seemed to make … (OECD), the International Monetary Fund (IMF), and other international organizations all praised the U.S. unemployment … shows that in the current economic crisis, the U.S. unemployment rate ranks 4th to last among the major OECD countries. …
Persistent link: https://www.econbiz.de/10005256263
This paper looks at the problem of state budget shortfalls during the recession and calculates the number of jobs that would be lost (nationally and by state) if states utilize pro-cyclical spending cuts in an attempt to balance their budgets. This is an update to an earlier paper from December...
Persistent link: https://www.econbiz.de/10008545832
In the current recession, millions of Americans have lost their jobs. Unemployment has increased nationwide to levels …
Persistent link: https://www.econbiz.de/10008545834
In 1982, the United States experienced the highest annual unemployment rate since the Great Depression – 9.7 percent …. In principle, that rate is directly comparable to the 8.1 percent seasonally adjusted unemployment rate for February 2009 …, and suggests that current unemployment is still not as bad as it was in 1982. The official unemployment rate, however …
Persistent link: https://www.econbiz.de/10004999572
This report shows that the $787 billion included in the 2009 ARRA will not have as much of an immediate effect on the economy as initially anticipated. After subtracting the annual AMT patch and acounting for state level spending and tax cuts, the full effect of federal stimulus will equal a...
Persistent link: https://www.econbiz.de/10004999573
Since the Great Depression, the worst episode of unemployment came in the second half of 1982 and the first half of … 1983. Over that time, the unemployment rate stayed above ten percent from September through June—reaching 10.8 percent of … the labor force in November and December of 1982. A naïve examination of the raw unemployment rates would suggest that the …
Persistent link: https://www.econbiz.de/10008568491
system of unemployment compensation, with shorttime compensation as an alternative to unemployment compensation. This means …) already have short-time compensation as an option under their unemployment insurance system. In these states a governmental …
Persistent link: https://www.econbiz.de/10009144917