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View Diary: Abbreviated pundit round-up: Gun control, moody America, 'mansplaining', Rex Sinquefield (97 comments)

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  •  I've seen graphs comparing Obama's (0+ / 0-)

    unemployment rates to Reagan's.. and looking just at the U-3 rates, it is pretty close.

    But, mainly the way we are reducing U-3 now is reduction of workforce - i.e. people dropping out.  Reagan's recovery added tons of jobs and increased the workforce.

    As Paul Krugman recently wrote:

    Unemployment has fallen a lot recently, but for a peculiar reason: not so much rising employment as a falling share of the population actively looking for work.
    His link to here, has a good graph comparing U-3 and U-6.
    •  Yes. At some point, one hopes that will change. (0+ / 0-)

      Again, if the 288,000 is a real number and not just an adjustment due to the weather, that will be adding new jobs, even if the growth is anemic.

      LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

      by dinotrac on Mon May 05, 2014 at 10:40:34 AM PDT

      [ Parent ]

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