tag:blogger.com,1999:blog-5713178645208582139.post3340247772652604697..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: A Great Vacation or a Great Recession?David Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-5713178645208582139.post-168320304928964332012-11-15T10:58:17.421-06:002012-11-15T10:58:17.421-06:00Yes, there is much ground to cover, but the positi...Yes, there is much ground to cover, but the positive employment numbers indicate some progress is being made. Of course, that all could become undone with the fiscal cliff.David Beckworthhttps://www.blogger.com/profile/04577612979801459194noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-32731682734735287112012-11-15T10:57:17.784-06:002012-11-15T10:57:17.784-06:00Yes, that was my point. Many folks use the emp-pop...Yes, that was my point. Many folks use the emp-pop ratio without controlling for demographic change. The 25-54 age group does that. For example, see here: http://soberlook.com/2012/09/economists-have-underestimated-severity.htmlDavid Beckworthhttps://www.blogger.com/profile/04577612979801459194noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-59255016024017913922012-11-15T10:36:25.336-06:002012-11-15T10:36:25.336-06:00Jobs in India, Search Best Jobs India, Employment,...Jobs in India, Search Best Jobs India, Employment, Vacancy, Free Jobs in India.<br /><br /><a href="%E2%80%9Dwww.joblistindia.com/%E2%80%9D" rel="nofollow"> Jobs in India </a><br />seoseohttps://www.blogger.com/profile/10499347486868871002noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-83547985499172822452012-11-15T09:31:32.106-06:002012-11-15T09:31:32.106-06:00Darn it, how many times do I have to prove I'm...Darn it, how many times do I have to prove I'm not a robot here?Saturoshttps://www.blogger.com/profile/01914831276101897944noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-63735466441101108032012-11-15T09:30:32.411-06:002012-11-15T09:30:32.411-06:00Isn't that prime-age employment-population wor...Isn't that prime-age employment-population worker ratio perhaps a better measure than either the headline Urate or the popularly quoted normal employment-population ratio?Saturoshttps://www.blogger.com/profile/01914831276101897944noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-9667310506567075362012-11-15T09:27:51.506-06:002012-11-15T09:27:51.506-06:00"Now, with sales concerns falling, these firm..."Now, with sales concerns falling, these firms are hiring more and the unemployment rate is falling."<br /><br />Interesting you say that. As you know NGDP growth has been below trend since the collapse. Scott points to falling hourly nominal wages as the source of adjustment. But if you say that firms are facing less demand concerns, then it's not so much real wages falling to Saturoshttps://www.blogger.com/profile/01914831276101897944noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-8469075639523240512012-11-15T09:20:54.663-06:002012-11-15T09:20:54.663-06:00I think the NYT just keeps Mulligan around so that...I think the NYT just keeps Mulligan around so that they have a caricature of Conservatives lying around to discredit them.<br /><br />Yes I know he's very smart, but he's just a caricature of the perspective, just fodder to make Krugman's scathing critiques look even better. Or as Brad DeLong put it: http://delong.typepad.com/sdj/2012/07/Saturoshttps://www.blogger.com/profile/01914831276101897944noreply@blogger.com