Pushing on a Cloud

(1) Yellen’s footnote. (2) Is unemployment cyclical or structural? (3) Fed’s liquidity lifting all stocks, not all jobs. (4) What is Yellen watching out for? (5) Involuntary part-timers, U-6, median time unemployed, permanent job losers, and the participation rate. (6) Five reasons why unemployment is structural. (7) The trauma of 2008 and business caution. (8) Policy uncertainty boosting unemployment. (9) Knowledge workers have their heads in the Cloud. (10) Working to put us out of work. (11) The government is subsidizing unemployment, and getting more of it. (12) Latest US data confirm all of the above.