I am off to NPR to talk about how the various measures of employment — Birth Death adjustment, Unemployment rates, total Employment — have changed over the years.
This has been a pet peeve of mine for years.
A few charts and data sources follow . . .
>
Birth Death Adjustment
via Jake at Econompic
U1- U7 (1995)
>
Sources:
BLS introduces new range of alternative unemployment measures
John E. Bregger and Steven E. Haugen
October 1995, Vol. 118, No. 10
http://www.bls.gov/opub/mlr/1995/10/art3exc.htm
Table A-12. Alternative measures of labor underutilization
http://www.bls.gov/news.release/empsit.t12.htm
BLS introduces new range of alternative unemployment measures (PDF)
http://www.bls.gov/opub/mlr/1995/10/art3full.pdf
Additional Reading:
Hard numbers: The economy is worse than you know
Kevin Phillips, Harper’s Magazine
Tampa Bay Times, Sunday, April 27, 2008
http://www.tampabay.com/news/article473596.ece
The 20-Hour Workweek
The unemployment rate seems low. That’s because it’s not counting all those underemployed workers.
Daniel Gross
Wednesday, Oct. 22, 2008, at 3:59 PM ET
http://www.slate.com/id/2202879/
What's been said:
Discussions found on the web: