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Unemployment
It’s up to 10.2%. Trouble ahead. Trouble behind. The politics is going to be very tough. More pressure to “fix” the economy. The possibility that we are in the mess we are in because of past attempts to fix the economy is very alien to most politicians and most economists. ...
Why Employment Might Not Fully Recover Until 2013
Why Employment Might Not Fully Recover Until 2013
moneywatch.bnet.com — The most recent employment report shows the unemployment rate at 10.2 percent, and the broader unemployment rate... that accounts for part-time work and discouraged workers at 17.5 percent. With numbers like these, can we expect good news on the ... (more) Why Employment Might Not Fully Recover Until 2013
US Unemployment, 2004-09
US Unemployment, 2004-09
ritholtz.com — Tomorrow is NFP day — and when those numbers come out, we won’t have much time to... discuss much else. So while I am winging to Austin early this a.m., I wanted to share these interesting run of charts, via F lowing Data , showing ... (more) US Unemployment, 2004-09
Did Unemployment Really Rise?
norris.blogs.nytimes.com — Employment was up in October, and the unemployment rate was unchanged, no matter what you may have... read. The news looked bad only because of seasonal adjustments. (more) Did Unemployment Really Rise?
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Cassandra Gets Some Company
Streetwise Professor — ... in the game are doing the exact opposite of what politicians who don’t want them to do?  This should at least raise questions as to why market participants favor a mutualized structure with a rough equivalence between risk exposure and control.  Could it be because this offers serious efficiency advantages?  But no, all we get from financial sophisticates like Frank and Lynch is superficial bleating about “conflict of interest.” Reading all this makes this quote from Hayek (which serendipitously Russ Roberts reminded me of yesterday ) all the more apropos: The curious task of ...

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Follow-up to Job CountingMV=PQ: A Resource for Economic Educators
This  is a humorous follow-up to my post of a couple days ago on jobs created and saved. It is from one of The Wall Street Journal blogs and explains why counting jobs saved/created is very difficult and may even be impossible. This can also be filed under "an anecdote is ...