tag:blogger.com,1999:blog-5713178645208582139.post7413061517297434214..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: What Happened to the 1,911,000 Lost Jobs?David Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-5713178645208582139.post-66973824183226676742009-04-20T17:36:00.000-05:002009-04-20T17:36:00.000-05:00Yeah, that's what I want to know about. Job Nob is...Yeah, that's what I want to know about. <A HREF="http://www.jobnob.com" REL="nofollow">Job Nob</A> is reporting jobs a pretty reasonable level compared to the report last year. I think that it's all one big ploy to get us to fall in line.Architectural Designer Salarieshttp://www.jobnob.com/architectural-designer-salarynoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-5240867083151836932009-01-13T07:50:00.000-06:002009-01-13T07:50:00.000-06:00"Note that the number of voluntary quits has actua..."Note that the number of voluntary quits has actually declined over the past two years, indicating workers are not leaving their jobs en masse as suggested by Mulligan."<BR/><BR/>Another Chicagoist bites the dust (in terms of honesty; I'm sure that he's a whiz-bang on theory).<BR/><BR/>I'd add that in a recession, an employer might well, um, 'encourage' quitting, by making life rougher for many Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-15567625261438895932009-01-09T18:43:00.000-06:002009-01-09T18:43:00.000-06:00Yes, it is important to understand that "official"...Yes, it is important to understand that "official" U.S. unemployment figures only take into consideration those currently receiving unemployment benefits. And that those folks whose benefits have stopped before they've found new work basically then "dispapear" from the publically reported numbers. <BR/><BR/>This time around, the real thing to realize is that folks who recieved their first 26 Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-32534780154090541992008-12-29T14:27:00.000-06:002008-12-29T14:27:00.000-06:00Although the drop in the number of quits is intere...Although the drop in the number of quits is interesting, it's not a knock-down argument against Mulligan (not that I think he's right). An important question is why people are quitting. The real number Mulligan or you needs is the number of people who are simply quitting without having another job lined up. He could argue that those numbers are going up while the overall quitting numbers are Ed Keerhttps://www.blogger.com/profile/15427371337512386674noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-65129747685117283432008-12-29T12:25:00.000-06:002008-12-29T12:25:00.000-06:00Just to muddy the waters a little more: if one tak...Just to muddy the waters a little more: if one takes an Eco 101 neoclassical approach as Mulligan does, the tremendous wealth destruction caused by the decline in stocks and housing should cause the labor supply curve to shift to the right. But in any case, the research you cite by Hall and also Shimer and others indicates that the study of employment, productivity and recessions has moved far Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-42090291884816616942008-12-29T11:10:00.000-06:002008-12-29T11:10:00.000-06:00I actually emailed Mulligan a few days ago with in...I actually emailed Mulligan a few days ago with info about the Pew study and his response was:<BR/><BR/>" I agree that geo mobility is important.<BR/><BR/>Whether it showed up as supply or demand depends on the reason for the change -- so I have to read your studies before I can answer."Milton Rechthttps://www.blogger.com/profile/02488660316957122768noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-24360589337464476822008-12-29T10:57:00.000-06:002008-12-29T10:57:00.000-06:00So does the home ownership-higher natural rate of ...So does the home ownership-higher natural rate of unemployment understanding lend support to Mulligan's claim?David Beckworthhttps://www.blogger.com/profile/04577612979801459194noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-78197637660732644582008-12-29T10:34:00.000-06:002008-12-29T10:34:00.000-06:00Add to unsaleability, a reluctance to relocate. A ...Add to unsaleability, a reluctance to relocate. A recent Pew research study finds a sharp decline in recent US geographical mobility.<BR/><BR/>"Only 13% of Americans changed residences between 2006 and 2007, the smallest share since the government began tracking this trend in the late 1940s."<BR/><BR/>It hypothesizes two reasons. The difficulty of two wage earners relocating and the aging of the Milton Rechthttps://www.blogger.com/profile/02488660316957122768noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-54195996629666303372008-12-29T06:48:00.000-06:002008-12-29T06:48:00.000-06:00Complicating the picture is the housing market. If...Complicating the picture is the housing market. If jobs are being created in Texas but my house is unsaleable in Michigan, what should I do ? I seem to recall Andrew Oswald did some econometric work for OECD countries suggesting that higher rates of home ownership raise the natural rate of unemployment.Anonymousnoreply@blogger.com