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Federal Reserve Chair Janet Yellen speaks during a news conference at the end of the Federal Open Market Committee meeting, Wednesday, March 18, 2015 in Washington. The Federal Reserve forecasts that the U.S. unemployment rate can now fall further without spurring inflation, a sign that it may move slowly in raising interest rates.

U.S. unemployment rate of 5.5 percent is right where the Fed had been saying inflation would likely start to accelerate. Yet inflation remains even lower than the Fed wants it to be, so it seems as if its a matter of time.

This article talks about how Moroccan immigrant in the Netherlands are the most affected population by the rise in unemployment rates. The article suggests that this is because before the crisis, the job growth was mainly in temporary work. When the economy collapsed, Moroccans and Turks were the first to get laid off.

This news article taken from the BBC website, is about the supply of jobs in the UK. The unemployment rate in the UK has falling meaning there is a increase the supply of jobs for people.

This article discusses how the business cycle has more "pain in store" which means that unemployment will grow by 15%.

A mass protest is being held in the Italian capital, Rome, against Prime Minister Matteo Renzi's plans for labour market reform.There are worries that this reform could cause the higher rate of unemployment to increase even more. This intern could have big economic problems for Italy. A high unemployment rate will also meaning an increase in fiscal costs to the government, an increase in social deprivation and also a decrease in the country's output of services and goods.

A study from the Brookings Institution, a think-tank, finds that poverty in America has become more concentrated over the past decade. During the 2000s the number of neighborhoods with poverty rates of 40% or more climbed by three-quarters. Poverty is rising in the suburbs however, and it might be because of inaccessability to good jobs - not the other way around. People cannot find jobs and although USA is 5% unemployed, inner cities and specifically black communities have a 40% unemployment rate. People are trying to get work too, there just isn't a supply of enough jobs - personally I think this is due to outsourcing, if everything just stayed in the USA then we would have thousands of more jobs available. The problem at hand is a falling in availability of jobs, along with an increased population and people searching for jobs. Due to companies trying to make more money, we have outsourced most of our available jobs in elastic goods to other countries. In this way we have ruined the economy for ourselves, or at least big companies have. Inelastic products do not have this same issue, yet they still outsource because they are greedy. Pretty crazy to think about. Perhaps if everything cost a bit more money, and we weren't allowed to outsource, then the PED would go down and people would pay more for goods because they would have more money to spend due to increase in number of workers.

This article gives the principle that when an economy approaches full employment, it would receive pressure to increase wage. It shows the discrepancies with the real world, and proposes some theories to explain it.

Apparently our misery level is down! Yay us, we should celebrate! Except... that this is quite meaningless in our society now. The US has become too complicated to actually have meaning in a Misery test. We need prices to decrease or wages to increase in order to actually be able to pay off our debts and loans