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Ever Closer to 1982
Ever Closer to 1982
A broad measure of unemployment and underemployment is now almost 15 percent, compared with roughly 17 percent in the early 1980s.
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Friday links: pity party
Abnormal Returns — ... Non-farm payrolls continue to shrink.  Unemployment at levels not seen in 25 years.  (Economix, ...

Thank God It's Freida Randomosity
The Learning Curve by Muckdog — ... The job market is nearing 1982 levels.  The government’s broadest measure of unemployment and underemploymentwas 14.8 percent in February. That includes some of the people who havestopped looking for work because they don’t believe they can find jobs.It also includes part-time workers who want to be working full time.  Nice. ...

Related: 1982 stocks
Cheap ShmeepPaul Kedrosky's Infectious Greed
Lombard Street Research is out arguing that this is about as good as it gets with respect to the cheapness of stocks. It says that the US market has only been cheaper for 26 months in the last 140 years. When were those periods? They were in 1920-21, 1932, 1942 and 1982. I’ve been arguing ...