Source: brucekrasting.com

The Federal Reserve Bank of NY put out a research paper that must have pissed off Bernanke and the other Fed doves. Here is a Link to the Fed report, and another Link to a Bloomberg article with a good discussion.The report looks at the consequences of structural issues that have impeded the return to full employment in the economy. The analysis identifies structural impediments as misalignments: idle workers are seeking employment in sectors (occupations, industries, locations) different from those where the available jobs are. Such misalignment between the distribution of vacancies and … (read more)