Paul Krugman is one of my favorite economists. He has a natural talent to make his brilliant insights in economics understandable for just about anyone.…
Tag: unemployment
One of the major issues with Macroeconomics is unemployment, and it is a very sensitive issue in the States. As you can see above, this…
From my US and Economics blog.
The data for October 2012 – the last “big” data release before the election — are now available on the Bureau of Labor Statistics web page and on a select basis as graphs on the St Louis Fed FRED database. Here I highlight employment to population, which avoids the “noise” that comes from people dropping in and out of the labor force. This measure also automatically adjusts to population growth (unlike overall employment measures) and, when disaggregated, is neutral to changes in the age composition of the population (e.g., the aging of the baby boomers).
I’ve been tracking US employment and unemployment for the past couple years. Here’s an updated version of a graph looking at employment to population. One…