In today’s media cycle, not a day seems to go by that you don’t hear the word ‘unemployment.’ And with the national unemployment rate stagnant and nearly every state feeling the effects of the unemployed, the media should be talking about it.
Talk is fine. Solutions are better. That’s why it was encouraging to Federal Open Market Committee debating whether or not the high unemployment of recent years is cyclical or structural, meaning if monetary government changes could affect unemployment or if it’s just the nature of the beast that is the current economy. Interesting to consider, and it’s encouraging, as in order to overcome something, it’s best to first understand it.
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