Seemingly evident through a monthly report that states the jobless rate and job losses or gains, real unemployment figures can be hidden.
Through six facts we can compare the pandemic economy to the past, see its current state, and look to the future.
When we try to figure out the pandemic’s economic outlook, we can ask economists which metrics they would select.
By looking at job openings, hires, and quit rates in the JOLT Summary, we can get some unemployment insight about tighter labor markets.
For all economic crises, some economists tell us, “This time it’s different,” while others disagree with their new solutions.
To decide the strength of our economic recovery since the Great Recession, we can use seven numbers or just one that might be most important.
Obscured by low unemployment rates, the alarmingly large proportion of lower skilled workers who are unemployed is easy to miss.
When Bill Clinton ran against George H.W. Bush, the 1992 November unemployment rate was 7.4% while during the previous June, it touched 7.8%. You can see why the big sign in his campaign HQ said, “It’s the economy, stupid.” Now, Mrs. Clinton’s…
Hearing 4.7% unemployment you might think, “Awesome.” But then the 38,000 jobs creation number for May was dismal. How to interpret an employment report? Did the Denominator Shrink? After a 10% peak in October 2009, the unemployment rate has steadily…