The employment-population ratio is the ratio of employment* to population. Unlike the unemployment rate, it shows the effects of discouraged workers leaving the labor force. The unemployment rate will go down as some workers get discouraged and are no longer … Continue reading
The half-truth is the claim by Obama and his media pals that the U-3 unemployment rate of 8.3% is good news because that number only reflects those actively looking for work and leaves out the millions of long-term unemployed who … Continue reading
This post starts with a fable. Think of an imaginary country named Utopia with a population of 100 in which 65 already have a job or are looking for a job. The other 35 consists of children, retirees or women … Continue reading