3 Critical Unemployment Charts – January 2011

As I have commented previously, as in the October 6, 2009 post, in my opinion the official methodologies used to measure the various job loss and unemployment statistics do not provide an accurate depiction; they serve to understate the severity of unemployment. However, even if one chooses to look at the official statistics, the following …

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3 Critical Unemployment Charts – December 2010

As I have commented previously, as in the October 6, 2009 post, in my opinion the official methodologies used to measure the various job loss and unemployment statistics do not provide an accurate depiction. However, even if one chooses to look at the official statistics, the following charts provide an interesting (and disconcerting) long-term perspective …

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3 Critical Unemployment Charts – November 2010

As I have commented previously, as in the October 6, 2009 post, in my opinion the official methodologies used to measure the various job loss and unemployment statistics do not provide an accurate depiction. However, even if one chooses to look at the official statistics, the following charts provide an interesting (and disconcerting) long-term perspective …

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Employment-Population Ratio – Chart And Comments

Yesterday, The Wall Street Journal had an Op-ed titled “Unemployment: What Would Reagan Do?” I found the article interesting as it provides a good explanation of the Civilian Employment-Population Ratio and its history.  An excerpt: “Since America has about 238 million noninstitutionalized civilian adults of working age, this decrease means that we have nearly 12 …

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3 Critical Unemployment Charts – August 2010

As I have commented previously, as in the October 30 post, in my opinion the official methodologies used to measure the various job loss and unemployment statistics do not provide an accurate depiction. However, even if one chooses to look at the official statistics, the following charts provide an interesting (and disconcerting) long-term perspective of …

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“Chronic Joblessness”

The Wall Street Journal of June 2 had an article titled “Chronic Joblessness Takes Toll.” I have written extensively about the unemployment  situation for a number of reasons.  Perhaps chief among these reasons is that I believe the situation is far worse than generally acknowledged. While it is easy to dismiss the unemployment problem with …

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The Loss Of Manufacturing In The United States

The following excerpt is from the Global Economics section of Bloomberg BusinessWeek, May 10-May 16 2010: “Industrial America’s plight can be encapsulated in a few incredible numbers.  According to the Bureau of Labor Statistics, U.S. employment in manufacturing over the past six months has been the lowest since March 1941, before the U.S. entered World …

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Three Unemployment Charts

This post provides updated charts to the “Three Unemployment Charts” post of January 12. As I have commented previously, most notably in an October 6 post, in my opinion the official methodologies used to measure the various job loss and unemployment statistics do not provide an accurate depiction.  However, I believe that the following charts …

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Comments On The HIRE Act

On Thursday President Obama signed the HIRE Act, a jobs stimulus.  The summary of the signing can be found here. There is also a transcript of his remarks found here. I could make many comments about this jobs stimulus.  However, as an intervention measure, it has many of the same characteristics of other interventions.  As …

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Historical Perspective – Employment And Output

Here are two charts from the Minneapolis Fed site: http://www.minneapolisfed.org/publications_papers/studies/recession_perspective/index.cfm They show, from a historical context, how declines in employment and output during this period of economic weakness (which FRB Minneapolis refers to as a recession) compare to those of previous recessions. First, the employment chart.  Here are two notes regarding this chart: 1. Employment …

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