Why not EPOP instead of ue rate? (ratio of employed to working-age pop). The denominator of the UE rate is too flaky.
On Tue, Dec 2, 2008 at 9:42 AM, Jim Devine <[EMAIL PROTECTED]> wrote: > >From the Los Angeles Times >> U.S. recession could last into 2010 >> The group charged with making the official declaration says recession began >> in December 2007. >> By Maura Reynolds >> >> December 2, 2008 > > We should start eschewing the concept of "recessions" as defined by > the NBER and the orthodoxy and replacing it with that of "jobs > recessions." After all, it's employment that matters to most people. > By this standard, the jobs recession began in March, 2007. The > official unemployment rate started rising then and has been rising > since (and is likely to continue to rise). Since the BLS's alternative > measures of the unemployment rate move pretty much in step with the > official measure, I'd guess that they indicate the same conclusion. > -- > Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own > way and let people talk.) -- Karl, paraphrasing Dante. > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
