Discussing Unemployment Rate and Job Loss on NPR

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)

Additional Reading:
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.
Daniel Gross
Wednesday, Oct. 22, 2008, at 3:59 PM ET

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