Posts Tagged ‘unemployment’

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    Costly Legislation

    May 28, 10 • 297 Views • No Comments

    Looking at a recent NY Times article, whose title was, “Cost of Jobs Bill Leaves Some Democrats Leery,” I wondered whether the author realized just how many costs his discussion involved. If passed, the bill would extend jobless pay, provide...  [read more]

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    How Are We Doing?

    May 2, 10 • 376 Views • No 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...  [read more]

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    Icemen and Pinsetters

    Mar 12, 10 • 387 Views • No 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 benefited with...  [read more]

  • Down to Earth and “Up in the Air”

    Dec 28, 09 • 279 Views • No 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...  [read more]

  • A New Kind of Misery Index?

    Dec 20, 09 • 369 Views • No 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....  [read more]