Tuesday, June 7, 2016

Bill Mitchell — The US labour market continues to weaken

Interesting with respect to what's going in the US labor market, but more significant for showing how to analyze a labor market. The U3 unemployment rate is hardly indicative of the state of the market and little can be concluded from it alone. 

While Bill Mitchell is an MMT economist, his area of specialization is employment, beginning with his PhD dissertation. This is key to the MMT JG, which Bill was instrumental in developing as a buffer stock of employed instead of the current buffer stock of unemployed.

Pavlina Tcherneva is following in Bill's footsteps here as an expert in the MMT approach to employment and how to achieve truly full employment with MMT policy including a job guarantee.

Bill Mitchell – billy blog
The US labour market continues to weaken
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

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