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What is structural unemployment? Definition and meaning

Structural unemployment is unemployment not caused by a dip in the business cycle, but something more long-term, such as technology.

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The Legend of Abraham Wald

Historians of science sometimes lament the fact certain historical figures are famous for the wrong reasons. Alan Turing (1912-54) is perhaps the best example of this phenomenon. Most people associate Turing with the breaking of an encryption device called the

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Fed likely will keep raising rates for some time

Fed likely will keep raising rates for some time
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As Recession Fears Grow, Consumers Tap Savings While Banks Sock Away Cash

Cash savings rates for many banks have reached decade-highs. In contrast, savings rates for individuals have reached decade-lows.

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