Economics class: Partisan fight over US labour market jolted by strong hiring data
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Employment and unemployment, government failure, demand-side policies, possible macroeconomic objectives
Click to read the article below and then answer the questions:
Define ‘unemployment rate’
Identify one possible reason for the recorded higher unemployment rate in the US labour market, even while it is creating a larger number of jobs
Explain the consequences of disproportionate government unemployment benefits for both job seekers and employers
Evaluate the opportunity for the US government to reduce government monetary policy support, towards full employment and 2% inflation rate targets
Luca Scappini, Stepney Green Maths, Computing and Science College