Registered: Aug 2003
10-07-12 11:02 PM
Keeping it simple:
From Krugman,Constant-demography Employment
For my calculation, I’ve divided the population into three age groups, 16-24, 25-54, and 55 plus, for which employment-population ratios are available in the BLS databases. (Scroll down and use the one-screen data search). I’ve then taken a weighted average of these ratios, where the weights are the 2007 shares of each group in the civilian noninstitutional population. And here’s what you get:
Auto sales lead unemployment. This shouldn't be new and it suggests unemployment will be in the 7% range next year. If the republicans ever do decide to stop stalling on a jobs bill, then UE would be in the 6% range barring a blowup in China or Europe.
For some humor:
It appears the republican mind has a new dimension to their dementia : Job Truthers