From its establishment in 1913, the Federal Reserve has had a clear dual mandate to minimize inflation and maximize employment.1 Over the last several decades, however, the Fed has overwhelmingly ...

Just that. For people older than around 40, no more was needed. They remembered when the great American jobs machine could produce work for almost anyone seeking it, albeit with recessions coming ...

The U.S. expansion has put millions of people back to work and economists agree that the economy is now at or close to full employment. But what does that mean exactly? When economists talk about full ...

This is an edited extract from Ross Garnaut’s address to the jobs summit on Thursday night. Read other articles in The Conversation’s series about the summit here. I grew up in a Menzies world of Full ...

A man enters a Shoe Carnival store in Morton Grove, Ill. Photo by Tim Boyle/Getty Images. Paul Solman answers questions from the NewsHour audience on business and economic news here on his Making ...

Full employment used to be an explicit goal of economic policy in most of the industrialized world. Some countries even achieved it. In Back to Full Employment, economist Robert Pollin argues that the ...