Chapter
Structural Unemployment and Inflation
02:09 - 05:43 (03:34)
The US is experiencing a structural unemployment problem as there are two job openings for every person. Additionally, inflation is not only caused by excess demand but also by a supply problem.
Clips
The US is currently facing a structural unemployment problem with not enough goods and services being produced and commodities prices increasing.
02:09 - 05:43 (03:34)
US Inflation, Unemployment
Summary
The US is currently facing a structural unemployment problem with not enough goods and services being produced and commodities prices increasing. The Fed's approach of raising rates to reduce inflation may not be effective as it is not purely caused by excess demand.