2 Americans win Nobel Prize in economics for work on boom-bust cycles

Two Americans have won the Nobel Prize in economics for their work on how to smooth boom-and-bust cycles to limit unemployment and inflation.
(Image credit: Jonathan Nackstrand)

Two Americans have won the Nobel Prize in economics for their work on how to smooth boom-and-bust cycles to limit unemployment and inflation.
(Image credit: Jonathan Nackstrand)

People who lose their jobs in this economy are taking longer to find new work. Nearly four in ten people exhaust their unemployment benefits before they land a new job.
(Image credit: Joe Raedle)