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In 2023, the well-known rules of economics dictated that hundreds of thousands of people should lose their jobs. But instead of cracking, the labor market continued to chug along.
The Harvard professor was awarded the Nobel Prize for “groundbreaking research” on women in the labor market.
STOCKHOLM (AP) — The Nobel economics prize was awarded Monday to Harvard University professor Claudia Goldin for research that has advanced the understanding of the gender gap in the labor market.
Claudia Goldin became only the third woman to win the Nobel Prize in economics Monday, in recognition of her research on women in the labor market.
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The US labor market has not been adding nearly as many jobs as initially reported. Friday's jobs report showed the US economy added 73,000 jobs while the unemployment rate moved higher to 4.2%.
Claudia Goldin, a professor at Harvard University, was awarded the Nobel Prize in economics Monday for her research into women’s income and employment.
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