tag:blogger.com,1999:blog-5713178645208582139.post2238917846819285763..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: Back to 2004David Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-5713178645208582139.post-40901123852593650512010-01-26T19:54:18.909-06:002010-01-26T19:54:18.909-06:00Well, you can also say it's back to where empl...Well, you can also say it's back to where employment was in February 2000 which makes it worse.<br /><br />Graph:<br /><br />http://web.cecs.pdx.edu/~rc/index.html#DoubleDip<br /><br />I find this discouraging, too:<br /><br />http://web.cecs.pdx.edu/~rc/index.html#Manufacturing<br /><br />- RickRickhttp://web.cecs.pdx.edu/~rc/index.html#econnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-59008707616857207962010-01-25T08:54:49.577-06:002010-01-25T08:54:49.577-06:00Mark Sadowski:
Yes, it seems hard to conclude any...Mark Sadowski:<br /><br />Yes, it seems hard to conclude anything other than a cyclical swing in employment given the broad-based decline in jobs. I am glad you brought up those structural employment criteria again as I have been thinking about the 2003-2004 employment situation more. I hope to post on it soon.David Beckworthhttps://www.blogger.com/profile/04577612979801459194noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-10629974529903257902010-01-25T08:42:51.471-06:002010-01-25T08:42:51.471-06:00Milton -- another potential problem with the educa...Milton -- another potential problem with the education and health care sector data is that they are lumped together. It would be nice to see them individually.David Beckworthhttps://www.blogger.com/profile/04577612979801459194noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-65901577662228708072010-01-25T07:22:49.120-06:002010-01-25T07:22:49.120-06:00At the risk of repeating some points I made in a p...At the risk of repeating some points I made in a previous post, in my opinion three important facts stand out in the determination of whether the unemployment the economy is currently experiencing is primarily structural or cyclical.<br /><br />1) Employment Dispersion <br />If the source of unemployment were structural we should see great dispersion between sectors in terms of employment growth Mark A. Sadowskihttps://www.blogger.com/profile/13147923641894915172noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-32449352157399622232010-01-24T11:26:28.601-06:002010-01-24T11:26:28.601-06:00You know, sometimes Kling claims that the problem ...You know, sometimes Kling claims that the problem is that we know what we don't want to produce, but we don't know what we do want to produce. And so, we are waiting to think of something that we want to produce. I find that reasoning inconsistent with scarcity.<br /><br />Other times, he makes the more plausible argument that we produced too much of some things and need to switch to Bill Woolseyhttps://www.blogger.com/profile/06330232724290161369noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-27266744098382660912010-01-24T11:04:46.828-06:002010-01-24T11:04:46.828-06:00The trend in employment is what really scares me, ...The trend in employment is what really scares me, as shown in the chart found at: http://wjmc.blogspot.com/2010/01/scary-truth-about-unemployment-in-us.htmlMcKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-67937645772795743502010-01-24T00:42:16.151-06:002010-01-24T00:42:16.151-06:00I wonder if the education employment statistics, a...I wonder if the education employment statistics, and maybe unionized health care, are inaccurate. In education, and possibly in unionized medical workers, it is possible to accumulate vacation, personal and unused sick days. When employees are terminated, they are entitled to pay for all or part of their accrued days. Some employers continue to keep the employees on payroll and payout the accruedMilton Rechthttps://www.blogger.com/profile/02488660316957122768noreply@blogger.com