Unemployment
227 Citations•2011•
Eliot Khalil Wilson
Minnesota Review
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Abstract
20 In both policy debates and the popular press, discussions of the employment situation in the U.S. tend to focus heavily on the overall civilian unemployment rate. But the overall unemployment rate is just one aspect of the employment situation, and a focus on this one number can conceal interesting and important changes in the employment outlook for different groups in the labor force. This Weekly Letter discusses some of the characteristics of u.S. unemployment that are important for the appropriate design of labor market policies and for the design of monetary policies aimed at controlling inflation.