kitchen table math, the sequel: Unemployment
Showing posts with label Unemployment. Show all posts
Showing posts with label Unemployment. Show all posts

Monday, January 11, 2016

"9-minute read" - "Recovered or not"

I've mentioned several times that I became a macro aficionado after the crash -- a macro aficionado and a Fed watcher, heaven help me.

Macro is off-topic for kitchen table math but, then again, most of us here:

a) have jobs;
b) are married to someone who has a job;
c) used to have jobs;

and/or

d) are the parents of children who have jobs, don't have jobs, or will need to get a job one day.

So: jobs.

I've just come across this "9-minute read" from Third Way, and I think it may be the best I've seen. I say that as a person who has read approximately a gazillion articles, studies, blog posts, and white papers on the subject of unemployment in the wake of the Great Recession at this point.

According to Third Way, depending on how you measure unemployment, we are either nine-tenths, two-tenths or just over halfway to a full jobs recovery.

Recovered or Not: What’s Really Happening with U.S. Unemployment?

Meanwhile the Hamilton Jobs Gap Calculator says we are still 2.5 million jobs short.