Posts Tagged ‘unemployment’

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    How Are We Doing?

    May 2, 10 • 113 Views • Developing Economies, Macroeconomic MeasurementNo Comments

    Hearing that U.S. real GDP growth for the first quarter was 3.2%, I wondered how well we were doing. We can look at past recessions to assess 3.2%. Looking back to the early 1980s, some economists say they were hoping for better. Like a “V”, when...

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    Icemen and Pinsetters

    Mar 12, 10 • 111 Views • Innovation, Labor, Macroeconomic Measurement, TechNo Comments

      In a wonderful story, NPR looked at “The Jobs of Yesteryear.”  Among those they discussed were pinsetters, elevator operators, icemen, and lamplighters. For each one, while technology made the occupation obsolete, the economy...

  • Down to Earth and “Up in the Air”

    Dec 28, 09 • 100 Views • Thinking EconomicallyNo Comments

    Yesterday I saw “Up in the Air”, the new George Clooney movie that has been called a comedy. As Ryan Bingham, Clooney was a “transition specialist”. Firms hired his employer to “fire” people. Excellent in many ways, the...

  • A New Kind of Misery Index?

    Dec 20, 09 • 115 Views • Thinking EconomicallyNo Comments

    11.84 is the current level of our “misery index” if we use what Arthur Okun (economic advisor to Lyndon Johnson) created. November unemployment + inflation rates = 11.84. However, according to Floyd Norris, a new index might be more appropriate....