Out of work and out of sight

Now you see them… The Economic Policy Institute (EPI) have been charting workers missing from the US economy – not working, but not classified as ‘unemployed’ either. As of last month their calculations show over 6 million people of working age fit this category. If these missing workers start looking for work, or are otherwise … Continue reading

Out of work but not unemployed – storing up the cost of future US unemployment

Friday 4th May saw the publication of April’s employment figures for the US. They show a slight, but welcome, decline in unemployment, from 8.2% to 8.1%[1], which is the lowest rate for three years, as well as jobs growth for the 26th month in a row. These represent a marked difference to similar measures in … Continue reading