Description: The amount of "slack" in the labor market--jobless or underemployed workers--has consequences for the appropriate stance of monetary policy, the future path of the budget deficit, and counter-cyclical spending on programs such as unemployment insurance. This report briefly examines this concept in the context of the current economy.
Date: August 5, 2016
Creator: Labonte, Marc & Stupak, Jeffrey M.
Partner: UNT Libraries Government Documents Department