Posts Tagged ‘U-6’

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    Unemployment Questions

    Feb 6, 11 • 90 Views • Households, Labor, Macroeconomic MeasurementNo Comments

    Friday’s employment report had good news and bad news. There was considerably less unemployment and considerably less job creation. Moving from 9.4% to 9%, the unemployment rate decreased more than most people expected. However, the job creation number,...

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    Jobs and Crocodiles

    Jun 5, 10 • 102 Views • Labor, Macroeconomic MeasurementNo Comments

    Hearing yesterday’s employment numbers, I recalled the Malaysian proverb, “Don’t think there are no crocodiles because the water is calm.” Everyone is worried about crocodiles. Looking beneath the surface, the employment numbers could...

  • Is The Unemployment Rate Accurate?

    Feb 4, 10 • 89 Views • Thinking EconomicallyNo Comments

    My class has wondered, with a civilian labor force of over 150 million people, how unemployment statistics can possibly be accurate. Tomorrow...