As the gears of progress turn, the relationship between productivity and unemployment becomes increasingly intertwined, and we can begin to understand how working efficiently affects the number of job ...

NEW YORK — Why is unemployment so low in countries where inflation remains subdued? For economists, this is a fundamental question. I was one of the rebel economists of the 1960s who rejected the ...

According to the topline unemployment rate, the labor market is doing fairly well. At 4.2 percent, unemployment among individuals 25–54 years old is near its “natural” rate. 1 But the unemployment ...

We propose that the natural rate of unemployment may have an active role in the business cycle, in contrast to a widespread view that the rate is fairly smooth and at most only weakly cyclical. We ...

The awarding of the non-Nobel prize (this prize was created by the Bank of Sweden in 1968, not Alfred Nobel) to Columbia University Professor Edmund Phelps, in part for his work on the theory of the ...