Max Sawicky wrote: > Why not EPOP instead of ue rate? (ratio of employed to working-age pop). > The denominator of the UE rate is too flaky.<
I'd use several measures, including the EPOP and the UE rate, just as the NBER looks at a variety of data in dating recessions and their ends. One complaint I have with the EPOP is that its upward trend simply represents the commoditization of labor-power (e.g., women leaving predominantly domestic labor to go to paid labor) rather than what the UE rate purports to measure, i.e., waste of human time. -- 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
