In this BLS report, Adam Ozimek sees structural changes.
I’m left thinking there are a lot of implications for unemployment. Here is a list of some of these thoughts:
- What does this mean for ZMP theory?
- What are the intergenerational elements of this structural shift?
- How does this play into long term unemployment?
- Does this structural shift simply feed into a new equilibrium at full employment with only slightly fewer workers in construction as the balance sheet components of the recession move from the forefront?
Jake
Tyler
