Economics

Monetary Policy

A help wanted sign is posted on the door of a gas station in Encinitas, California (REUTERS/Mike Blake).

Opinion

How Far Are We From Full Employment?

September 26, 2013, George L. Perry

Should markets have been surprised by the Fed's decision not to taper down its bond purchases? What was the Fed saying about its views on unemployment? George Perry discusses whether the current unemployment rate is set to remain high because of structural changes in the job market or is still connected to the business cycle.