Freeman, Alan and Desai, Radhika (2009): How Bad is US Unemployment?
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This article assesses the significance of the January 2009 US unemployment figures. The steep fall of 4 million jobs is greater than any 12-month fall in history.
Does this mean that 2007-2008 heralds the worst recession since 1929? This article assesses the empirical evidence of the US payroll figures to date.
|Item Type:||MPRA Paper|
|Original Title:||How Bad is US Unemployment?|
|Keywords:||Keywords: Credit Crunch; Investment; Liquidity Preference; Rate of Profit; State; Welfare State; War; Military Keynesianism|
|Subjects:||E - Macroeconomics and Monetary Economics > E0 - General
E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E12 - Keynes; Keynesian; Post-Keynesian
E - Macroeconomics and Monetary Economics > E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment > E24 - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital
|Depositing User:||Alan Freeman|
|Date Deposited:||04. Mar 2009 15:27|
|Last Modified:||12. Feb 2013 09:20|
Freeman, A(2009)(forthcoming)'Investing in Civilization', in Antony, W. and Julie Guard (2009) (eds) (forthcoming) 'Bailouts and Bankruptcies', Winnipeg: Fernwood Press
Desai, R(2009) (forthcoming)'Keynes Redux: From Imperial to International at Last?' in in Antony, W. and Julie Guard (2009) (eds) (forthcoming) 'Bailouts and Bankruptcies', Winnipeg: Fernwood Press
Authers, John ‘Non-farm Payrolls and Stocks’ Financial Times 6 February 2009.
McKenna, Barrie, ‘Scary Job Numbers for Sure, but it’s No Depression’. Toronto Globe and Mail, 7 February 2009.