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)
BLS introduces new range of alternative unemployment measures
John E. Bregger and Steven E. Haugen
October 1995, Vol. 118, No. 10
Table A-12. Alternative measures of labor underutilization
BLS introduces new range of alternative unemployment measures (PDF)
Hard numbers: The economy is worse than you know
Kevin Phillips, Harper’s Magazine
Tampa Bay Times, Sunday, April 27, 2008
The 20-Hour Workweek
The unemployment rate seems low. That’s because it’s not counting all those underemployed workers.
Wednesday, Oct. 22, 2008, at 3:59 PM ET