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Why are there fewer female CEOs? One professor says he has the answer. Call it the Competition Gap.
For the past four decades, ever since women began vying with men in the workforce on a large-scale, economists have wondered when gender differences in pay and achievement would shrink. In recent years the question has …
Peter Diamond, co-winner of the 2010 Nobel Prize for Economics, is congratulated by colleagues. (Brian Snyder/REUTERS)
Why doesn’t the unemployment rate ever reach zero? Economists, who generally believe that supply tends to meet demand, long pondered this question. Even in good times, i.e. not now, there are people who can’t find …
More people are lining up for jobs via Reuters
The Department of Labor reported August job numbers on Friday, and the numbers appeared to be another bad sign for the recovery. The economy lost 54,000 positions in the last full month of summer. Worse, the unemployment rate rose for the first time in four months to 9.6%, from a rate of …
For a time now my editor Rick Stengel has been asking the question: Why won’t unemployment stay at around 10%. That is to say, even after the economy pulls out of the recession how do we know that unemployment won’t remain where it is today. Perhaps 10% is the new 5%, when it comes to unemployment. We have afterall outsourced many of our …
The economy lost 125,000 jobs in June. But that’s not the worst news contained in the economic report that came out on Friday about who’s working and who’s not. Here’s what we should be really worried about: American workers are losing faith in the economy faster than they have in 15 years.
In fact, the jobs numbers themselves are not …
For a while now, chatter has been growing that the economy is headed for a double-dip recession. That’s the type where you think you have recovered, but in fact you are only on the first bump of the roller coaster. But this morning’s jobs numbers seem to suggest the possibility of a double dip is receeding. The Labor Department said the …
