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Microeconomics Explains Why People Can Never Have Enough of What They Want and How That Influences Policies
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September 1, 2021September 1, 2021Commerce

Microeconomics Explains Why People Can Never Have Enough of What They Want and How That Influences Policies

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Economics is broadly divided into macroeconomics and microeconomics. The big picture, macroeconomics, concentrates on the behavior of a national or a regional economy as a whole: the totals of goods and services, unemployment and prices. Then there’s a more detailed picture: the economic decisions that people and businesses make. Microeconomics analyzes behavior. It looks at...

Black and Hispanic Women, Less Educated Workers Among Those Hardest Hit by COVID-19 Job Losses
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April 7, 2021April 7, 2021Commerce

Black and Hispanic Women, Less Educated Workers Among Those Hardest Hit by COVID-19 Job Losses

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Unemployment fell to 6% in March, according to an April 2 U.S. Department of Labor report. The strongest gains were in leisure and hospitality and construction. The news was better than expected, but aggregated data doesn’t always tell the full story according to economists at Washington University in St. Louis. The unemployment rate in March for...