From the WSJ - It looks like more people are being hired according to this post from Real Time Economics. While this is an excellent sign, what do you think could be causing this drop in jobless claims? If the quantity supplied of labor is greater than the quantity demanded then we have unemployment (i.e. a large amount of jobless claims). Whenever Qs > Qd for labor then what happens to the price of labor (wages)? Could the price of other inputs (capital, land, etc..) also affect the hiring rate?
About the Blog
This is the blog containing resources for all courses and presentations. For updates on required current events readings, podcasts, and videos subscribe to the RSS Feed