 then. But in this recovery, the unemployment rate is an underestimate of labor market woes, because the official unemployment rate only counts those who are "in the labor force," meaning that they are out of work but looking for a job. Those who have given up looking, or who are working part-time but would like full-time work, aren't counted as unemployed. The last few years have seen a dramatic drop in the "labor force participation rate," that is, the share of adults who are "in the labor force." This rate rose substantially from the 1970s through the 1990s as a greater share of women entered the (paid) labor force. But with job prospects so poor, it has been dropping off.
for a job in the past four weeks as well as those who are working part-time but would prefer full-time work; if those people were counted among the unemployed, the unemployment rate in January 2012 would have been about 15 percent."
Our public discussions of what to do about these persistently high rates of lethargic or torpic unemployment have been unfortunately locked into the two older categories of cyclical and structural unemployment.
For example, some argue that if only the federal government had enacted an extra $1 trillion or so in fiscal stimulus, probably backed by a Federal Reserve willing to carry out another "quantitative easing" by printing money to finance the Treasury bonds for this stimulus, then the economy and the unemployment rate would be recovering much more quickly. But the federal government is in the process of running its four largest annual deficits since World War II from 2009 to 2012. The Fed is planning to hold the benchmark federal funds interest rate near zero percent for six years (!), while also engaging in $2 trillion of quantitative easing. The amount of countercyclical macroeconomic policy has been massive, and I have a hard time believing that just another boost would have fixed everything.
While I in general supported the countercyclical macroeconomic policies taken during the Great Recession (with some reservations about the details), it seems to me that countercyclical macroeconomic policy is like taking aspirin when you have a bad case of flu--or if you prefer a more extreme metaphor when talking about an unemployment rate that may exceed 8% for 7-8 years, like an athlete taking a cortisone shot for an injury before playing in the big game. Such steps can be worth taking, and they can sometimes even modestly help the healing process, but they are palliative, not curative. Also, the CBO offers a reminder that while more fiscal stimulus could help the economy in the short-term, it will injure the economy over the long run unless it is counterbalanced by a way of holding down government debt over time.
"Despite the near-term economic benefits, such actions would add to the already large projected budget deficits that would exist under current policies, either immediately or over time. Unless other actions were taken to reverse the accumulation of government debt, the nation’s output and people’s income would ultimately be lower than they otherwise would have been. To boost the economy in the near term while seeking to achieve long-term fiscal sustainability, a combination of policies would be required: changes in taxes and spending that would increase the deficit now but reduce it later in the decade."
But the standard policy agenda for dealing with structural unemployment doesn't seem particularly on-point just now, either. Sure, it would be useful to encourage mobility between jobs and to rethink how regulatory and other policies affect incentives to work and to hire. But while this kind of rethinking is always useful, it's not clear that it addresses the reality of high unemployment here and now.
We need a convincing theory of this third kind of unemployment--sluggish unemployment, tar-pit unemployment--and an associated sense of what policies are useful for addressing it. Firms as a group have high profits and strong cash reserves, but they are not seeing it as worthwhile to raise hiring substantially, preferring instead to focus on getting more productivity from the existing workforce. Are there ways to reduce the costs and risks that firms face when thinking about hiring? Many households are struggling with outsized debt burdens, including those who have mortgages that are larger than the value of their home. Are there policy levers to help them move past their debt burdens?
for work for more than six months—referred to as the long-term unemployed—topped 40 percent in December 2009 for the first time since 1948, when such data began to be collected; it has remained above that level ever since." What do we know about getting the long-term unemployed back into the labor force? Are there ways to encourage greater mobility of people between jobs, perhaps by spreading more information about job opportunities, making it easier for employers to verify skills of potential employees, or encouraging both greater geographic mobility and mobility across sectors of the economy?
Tolstoy famously started Anna Karenina with the comment: "All happy families are alike; each unhappy family is unhappy in its own way." Each unhappy recession is unhappy its own way, too--and the Great Recession is quite different from previous post-war U.S. recessions. It needs some fresh thinking about policies to address what has happened.Its photo tiiiiiiiiiime! Hitting the shelves of Japanese retail stores is the latest entry into the S.H.Figuarts toy line: Kamen Rider Fourze’s motorcycle, S.H.Figuarts Machine Massliger! Bringing us our in depth photo gallery of the figure, is Japanese Toy reviewer Hacchaka!
The Power Dizer launch pad used in his photos are not include with the actual toy! The launch pad used is the DX Power Dizer, which also includes an in scale Massliger, the one with the darker white colouring is the one that comes with the DX Power Dizer. Donâ€™t forget to check out the siteâ€™s own sponsors to order this figure, and more!
In the coming weeks, Texas property owners can expect an appraisal notice in the mail. This notice shows the taxable value of the home. For some, this value may come as a surprise and under the right conditions, homeowners can file a property tax protest and save money.
The appraisal review board bases property value on the exterior and neighborhood, not the inside of the home. The estimated value does not take needed repairs or outdated rooms and fixtures into consideration when appraising, however, these factors affect the value of the property. Taxpayers can protest the ARB’s decision in the county of residence.
To begin the appeal process, file a Notice of Protest (Form 50-132) with the appraisal board within 30 days of receiving appraisal notice. Depending on the outcome of the appraisal board review, you may receive a date for a formal hearing within 15 days of the hearing or resolve the matter informally. During the hearing, show evidence of property value errors. Homeowners can supply photos, repair cost estimates, property surveys, deed records, and a list of comparable sales in the community. To make a case, homeowners must provide evidence to prove their case.
Protest deadlines vary from county to county.
Check your local appraisal district for specific timelines. And in some circumstances, property owners can file a protest after the deadline.Be the first to comment on "Reasons to Enter the UK National Contact Centre Awards"FE formatting options when connecting live to Tabu...
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LOBSTER! - or Lahhbstah..  I don't understand what the big whoop is. The flavor is "meh"...Crab and Shrimp and Scallops are MUCH better seafood. To me Lobster is chewy, bland in meat flavor, and sometimes rubbery when poorly prepared. Compare that meat to a Stone crab claw--give me the crab anyday.  I don't understand what the big draw is...I love seafood but lobster is boring--give me some good spiced shrimp or steamed spiced crabs.  What am I missing? I have had lobsster all over the US - east coast, maine, west coast, hawaiian islands...it all tastes the same to me.It’s also on daytime TV. Back in January, I noticed a video area online of Canadian actor Simu Liu on CTV’s The Social. Given that show’s offers begun to explore intimate stereotypes, the Kim’s benefits superstar hopped into provide their point of view as an Asian people. But as he performed therefore, the studio readers began to laugh.
The guy made use of the possible opportunity to (gently) call them away, saying, “Imagine getting a kid raising up and having nothing associated with babes wanna date you [because of the forms of stereotypes].”
But several months after, Liu haven’t forgotten how it thought to know the viewers make fun of for the reason that moment. “It honestly noticed so surreal. I experienced instant surprise your readers decided it actually was OK to chuckle at what I said when all I wanted to do ended up being acknowledge that intimate stereotypes tend to be damaging and untrue,” according to