Not exact matches
He made a crucial claim, new at the time, which today is taken for granted: That low
unemployment spurs wage rises, those wage rises in turn spur inflation, and that inflation then spurs further wage rises down the
line, for as
long as the rate of inflation continues to grow.
A
long line of Supreme Court cases holds that states must pay
unemployment compensation to employees who lose their jobs because of their religious beliefs.
We know that three years of flat
lining — far
longer than any of us expected — have caused
long - term damage: businesses bankrupt, investment and capacity lost,
long - term
unemployment entrenched.
Bottom -
line: Don't get distracted by the
long - term
unemployment label.
Unfortunately, for America's
long line of ordinary workers, jobs will become more elusive until they find the answer to
unemployment's baffling challenges.
Unemployment has fallen to 4.8 percent, roughly in
line with the level the Fed views as sustainable over the
longer term.