Long-term unemployment is a much more serious problem than short-term unemployment, and it's more prevalent to boot.
If labor force participation hadn't declined between 2007 and 2012, then unemployment wouldn't have gone down one whit.
Why has growth been so underwhelming in this recovery? A CBO study says because potential growth has slowed.
Watching the Republican and Democratic conventions, you might have thought there was nothing the two parties could agree on. But you’d be wrong. They have adopted the same theory of unemployment. The only problem? That theory is wrong.