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Reply #3: No its right. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

tritsofme

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Fri Aug-07-09 12:51 PM
Response to Reply #2

3. No its right.

Edited on Fri Aug-07-09 12:56 PM by tritsofme

A person who was previously counted as unemployed has left the equation completely, giving the appearance of the UE rate edging down.

Imagine there are 4/10 people unemployed, 2 of those people leave the labor market, now only 2/8 are unemployed. Unemployment has plummeted from 40% to 25%!

Conversely when we start to see recovery in the labor market, we will see months where the UE rate edges higher, and it will be a good thing, as discouraged workers rejoin the labor market.

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