Why the Unemployment Rate is So High

Advisory Council member Laura D’Andrea Tyson cites a recent Hamilton Project piece in a recent blog post about the unemployment rate in the New York Times’ “Economix.” Tyson argues against the idea that the unemployment rate remains high because of a gap between the skill requirements of vacant jobs and those skilled possessed by unemployed Americans. Instead, she writes that the economic evidence suggests the high unemployment rate is due to weak demand. Read the full piece here.