Tagged: unemployment

Unemployment doesn’t strike evenly… - The Dismal Science

Donal Curtin May 04, 2018

Yesterday’s labour force data for the March quarter came out much as expected: forecasters had been expecting a 0.6% increase in employment, and they got it, and they also got their predicted 4.4% unemployment rate, down from 4.5% in the December ’17 quarter. Even if there were no immediate dramas in the data, it’s still worth picking out one aspect … Read More

Economic freedom and labour market conditions - The Dismal Science

Paul Walker Jul 09, 2013

An interesting new paper on Economic Freedom and Labor Market Conditions: Evidence from the States by Lauren R. Heller and E. Frank Stephenson. The abstract reads: Using 1981–2009 data for the 50 states, this article examines the relationship between economic freedom and the unemployment rate, the labor force participation rate, and the employment-population ratio. After controlling for a variety … Read More

Nominal and real - The Dismal Science

Eric Crampton Feb 07, 2013

Stats New Zealand reports wage growth over the last year. It's not great in nominal terms, as the Press points out: For those who actually got a pay rise, the mean increase for all surveyed salary and wage rates that rose in the December 2012 quarter was 3.0 per cent, compared with 3.1 percent in the September 2012 quarter. Read More

More on the turn from zero budgets - The Dismal Science

Bill Kaye-Blake Jan 29, 2013

My last post said that it was good to see the Government thinking my way. Specifically, its economic policy depended on a coupled austerity-Christchurch rebuild plan that didn’t work out. They have, I believe, seen the light on Christchurch and are turning away from austerity, i.e., zero budgets. Eric Crampton of Offsetting Behaviour commented. My reply got [...] … Read More

Unemployment up - The Dismal Science

Bill Kaye-Blake Nov 08, 2012

Statistics NZ has released the latest unemployment figures, and they aren’t flash. They have caught people by surprise — me, included. The Prime Minister’s comments were noncommittal: “In the end these things bounce around quite a bit… it’s at odds with what most of the economists thought would happen.” “Like a lot of surveys, from time [...] … Read More