Utopia, you are standing in it!

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

I do admire the way in which the USA has been able to have a steadily falling equilibrium unemployment rate since 1984 through thick and thin. The Great Recession had no impact on the US equilibrium unemployment rate. Not only has the largest member been able to do this, the OECD host country (red squares) …

Continue reading

Rate this:

More than 15% of unemployed Europeans haven’t had a job for more than four years econ.st/1ghznmr http://t.co/NlLXnKPYRG— The Economist (@TheEconomist) August 10, 2015

Rate this:

The boom that preceded the bust in the Greek economy did nothing for the rate of long-term unemployment among Greeks. Long-term unemployment had been pretty stable prior to the economic boom after joining the euro currency union. Source: OECD StatExtract. Nothing much happened to long-term unemployment in Italy or Portugal in recent decades. Spanish long-term …

Continue reading

Rate this:

As I recall, most unemployed have been unemployed longer than 12 months in Sweden have to go on a labour market program. When they returned to unemployment after the program, the clock starts again. They are deemed to be freshly unemployed rather than adding to the previous spell with an interlude on a make work …

Continue reading

Rate this:

As the British labour market and long-term unemployment was starting to get something like that in the USA, the USA started to have unemployment it was more like the European labour markets in terms of the number of long-term unemployed. Nothing much happened in Germany and France. Source: OECD StatExtract.

Rate this:

Unemployment of more than a year was slowly tapering down in Italy before the global financial crisis, but ever so slowly. Source: OECD StatExtract.

Rate this:

German long term unemployment has been pretty stable albeit with an up-and-down after German unification. There is also a fall in long-term unemployment after some labour market reforms around 2005. Source: OECD StatExtract.

Rate this:

There has been bit of a wild ride in long-term unemployment in New Zealand. Long-term unemployment – longer than one year – ranging from just over 8% of unemployment in 1986 to nearly 40% in 1992 then down to 5% in 2008. Clearly the duration of unemployment in New Zealand is highly sensitive to the …

Continue reading

Rate this:

In contrast to the USA, there is been a long-term decline in long-term unemployment, that is unemployment of more than a year, in the British economy over the 1990s. The situation then stabilised and then increased after the global financial crisis. There is also a rather rapid fall in long-term unemployment in the mid-1980s as …

Continue reading

Rate this:

The Great Recession was the first recession in the USA in a good 40 to 50 years where the composition of employment changed by much. Even the big recession at the beginning of the 1980s did not do much to the composition of unemployment by duration in the USA. Source: OECD StatExtract. Those unemployed for …

Continue reading

Rate this:

As with New Zealand, Australian long-term unemployment seems to go up and down quite a lot with recessions such as those in the early 1980s and early 1990s but not after the global financial crisis. Source: OECD StatExtract.

Rate this:

Nothing really changes in France recently unemployment duration. Italian labour market is notorious for having very low inflows and outflows from employment and unemployment. Source: OECD StatExtract.

Rate this:

Figure 1 shows large contrasts in time path of equilibrium unemployment rates. For example, French and Italian equilibrium unemployment rates haven’t changed much since about 1986. Figure 1: equilibrium unemployment rates, France, Germany, Italy, Ireland and Spain, 1968 – 2016 Source: OECD Economic Outlook June 2015 via OECD StatExtract.. Figure 1 also shows some fortuitous …

Continue reading

Rate this:

Figure 1 suggests a lot more structural change in the Canadian and British labour market in the 1970s and 1980s. Figure 1: equilibrium unemployment rates, Canada, USA and UK, 1962 – 2016 Source: OECD Economic Outlook June 2015 via OECD StatExtract. Nothing much at all seems to have happened to the equilibrium unemployment rate in …

Continue reading

Rate this:

77% more long-term unemployed people than before the crisis – We need them back in work! bit.ly/1JTTzYm #Jobs http://t.co/EFRGclFVms— OECD Social (@OECD_Social) July 10, 2015 Hysteresis in practice, Delong-Summers Variety @delong @LHSummers http://t.co/urqxQBi6NE— Roger E. A. Farmer (@farmerrf) July 23, 2015

Rate this:

Almost Chosen People

A blog about American History, and the development of a great Nation

The Skeptical Doctor

Dedicated to the work of Theodore Dalrymple

Books & Boots

reflections on books and art

Legal History Miscellany

Posts on the History of Law, Crime, and Justice

English Legal History

Making English Legal History easy and enjoyable to digest.

Right From Yaad

A view from "the Right", as a source of ideas to create a new vision of freedom and what it promises for Jamaicans, to counter the tyranny of the status quo of Jamaica's reality since 1962.

JoNova

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Ottomans and Zionists

Blogging about Turkey and Israel, the two most interesting countries in the Middle East

TERF is a slur

Documenting the abuse, harassment and misogyny of transgender identity politics

No Punches Pulled

Laughter – the best medicine

The Dangerous Economist

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Sex, Drugs and Economics

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Economic Growth in History

Nuno Palma's economic and political history blog

The Logical Place

Tim Harding's writings on rationality, informal logic and skepticism

RGS History

The Newcastle RGS History blog

Nick Cohen: Writing from London

Journalism from London.

4thWaveNow

A community of parents & others concerned about the medicalization of gender-atypical youth

Women Are Human

Independent source for the top stories in worldwide gender identity news

Trans Crime UK

Documenting crimes committed by transgender individuals in the UK

Flip Chart Fairy Tales

Business Bullshit, Corporate Crap and other stuff from the World of Work

The Long Run

the EHS blog

Sir John Cowperthwaite

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

The Undercover Historian

Beatrice Cherrier's blog

Vincent Geloso

Economics, History, Lots of Data and French Stuff

Climatism

Tracking Anthropogenic Climate Alarmism

MasterResource

A free-market energy blog

Science Matters

Reading between the lines, and underneath the hype.

Point of Order

Politics and the economy

The Secret Barrister

Independent Blogger of the Year, The Comment Awards 2016 & 2017

Coase to Coase AM

Writing on Economics

FREEcology

Libertarian environmentalism

Rothbard.com

Murray Rothbard, Libertarianism, and Anarcho-Capitalism

Doc's Books

A window into Doc Freiberger's library

Newmark's Door

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Green Jihad

The world's most read website that tells the truth about the environmentalist movement's holy war against mankind

Media Myth Alert

Calling out media myths

AUSTRIAN ECONOMICS ADDICT

Seeing the world through the lens of Austrian Economics