Job Truthers

Discussion in 'Economics' started by Covertibility, Oct 7, 2012.

  1. 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