San Fran research links unemployment to business uncertainty
Uncertainty about economic policy is an "important factor" behind the "stubborn" levels of unemployment since the financial crisis, according to an economic letter published by the Federal Reserve Bank of San Francisco last week.
The document, authored by Sylvain Leduc and Zheng Liu of the San Francisco Fed's economic research department, notes that although the number of job openings in the US has increased during the recovery from the 2008 crisis, the unemployment rate has "remained stubbornly
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