Correct analysis of the employment problem being seated in lagging demand rather than structural UE.
Read it at On the Economy
Where Are the Jobs??$#!?!!
by Jared Bernstein
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3 comments:
See my corrected U-6 rate
http://research.stlouisfed.org/fred2/graph/?g=7HR
That is close to the true un/underemployment picture for today
Thanks, Clonal. Up.
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