Downturns in the business cycle cause cyclical unemployment, so policymakers should focus on expanding output, which can be achieved by stimulating demand.

Discover how the Great Recession caused shifts in structural unemployment, transforming job markets and leaving lasting economic impacts beyond cyclical trends.

As I noted in a previous post, economists define three types of unemployment: frictional, structural, and cyclical: Frictional unemployment is defined as the unemployment that occurs because of people ...

We could scarcely believe it. At 1:36 PM ET, we got an email with this as the subject: FED'S KOCHERLAKOTA WANTS RATE AT ZERO UNTIL 5.5% UNEMPLOYMENT Now if you don't know why this is so shocking, ...

The political debate in America has become almost overwhelmed by the merits or faults of Obamacare and the long run challenges of Americas entitlement system. As big of an issue as these are in the ...

US job growth beat forecasts in November, but unemployment hit 4.6% and wage gains slowed. Click for my look at the latest ...

Structural unemployment is a persistent issue in the labor market, primarily driven by technological changes and the evolving needs of industries. Unlike other forms of unemployment, it is not tied to ...

At 9.8%, unemployment is still a serious problem in the U.S. So serious, that some economists believe that the problem is structural -- not cyclical. That would essentially means that there has been a ...

Unemployment is a fairly simple concept. You either have a job or you don't, unless you've given up looking for one. It doesn't seem complicated. But leave it to economists to muddy matters. Because ...

Cyclical and structural unemployment can be hard to tell apart. For example, suppose that a business owner would like to hire someone to operate a complicated piece of machinery, and needs someone ...