Monthly Archives: October 2012

Unemployment and the Battleground states in the American election

Posted on October 19, 2012 by haroldchorneyeconomist

The unemployment rate has played a large role in this election. The Republicans have claimed that unemployment and the slow rate of economic growth are the fault of President Obama and his stimulus policies. I have indicated in an earlier … Continue reading →

Posted in American Presidential election, U.S., unemployment | Tagged , , | Leave a comment

This U.S. recession’s recovery in comparison to 7 earlier ones:unemployment 45 months after its peak

Posted on October 17, 2012 by haroldchorneyeconomist

One critical way of guaging the severity of a recession, the impact of policy and the changing circumstances of the gobal economy is to examine the behaviour of unemployment during and after a recession. Fortunately we have excellent monthly data … Continue reading →

Posted in austerity, business cycles, deficits and debt, full employment, U.S., unemployment | Tagged , , | Leave a comment

U.S. Unemployment drops to 7.8%. excellent news, Obama on right track;Canadian unemployment rises.

Posted on October 5, 2012 by haroldchorneyeconomist

The U.S. Bureau of Labour Statistics has released the latest unemployment numbers for September and they are good ones. They show a long awaited (and as I have been arguing) fall in the unemployment rate to below 8 % , … Continue reading →

Posted in austerity, Canada, classical economics, deficit hysteria, deficits and debt, full employment, labour market clearing, Uncategorized | Tagged , | Leave a comment