Following the COVID-19 pandemic, Korea’s unemployment rate has remained significantly lower than pre-pandemic levels. This paper examines the dynamics of unemployment through a framework of labor ...

OI in a dynamic general equilibrium model featuring private capital accumulation and involuntary unemployment with efficiency wages. Typically P3s cost more but produce higher-quality infrastructure ...

And though the unemployment rate may be at a five-decade low, slowing wage growth is a dire threat to the nation's economy. Lower income generally begets decreased spending, kicking off a cycle ...

The household survey showed a much larger gain, with 436,000 more Americans reporting employment in April. The broader measure of unemployment — which includes discouraged and underemployed workers — ...