New findings show a direct causal relationship between unemployment and suicide (The Conversation)

https://theconversation.com/new-findings-show-a-direct-causal-relationship-between-unemployment-and-suicide-209486

"Legally there are implications concerning duty of care and the obligation of governments and institutions to safeguard the wellbeing of the population. These findings should contribute to discussions about legal frameworks relating to employment, work health and safety, discrimination and human rights.

A direct causal relationship between unemployment and suicide demands a re-evaluation of policies, a prioritisation of full employment, adequate social safety nets to prevent poverty, mental-health system reform, and greater urgency in shifting to a wellbeing economy."

#Policy #Government #Unemployment #Suicide #FullEmployment #WellBeingEconomy #SocialChange

It looks like the Fed is going to have to try a little harder?
#FederalReserve
#fullemployment
#Jerome

It looks like the Fed is going to have to try a little harder?
#FederalReserve
#fullemployment
#Jerome

The US Federal Reserve has two imperatives: keeping #employment high and #inflation low. But when these come into conflict - when unemployment goes zero-ish - the Fed forgets about #FullEmployment and cranks up #InterestRates to "cool the economy" (that is, "to destroy #jobs and increase #unemployment").

If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2023/01/19/creditors-vs-workers/#finance-colored-glasses

1/

Unemployed + Underemployed
1+4
2+3
3+2
4+1
5+0 (and this unlikely one would make 5% unemployment full employment true but no one underemployed would be terrific) #fullemployment #econ

A 🧵on my 💭s & influences

Let's start with my definition of #fullemployment

Full Employment: when aggregate spending is sufficient to elicit output levels, which at current productivity levels will provide enough jobs (measured in working hours) for all the workers who desire to work and all who want to work #econtwitter #econ #economics