10/14/2005

Brad DeLong': Four Out of Five Indicators Say the Job Market Really Is Weak

July 12, 2005
Four Out of Five Indicators Say the Job Market Really Is Weak

General Glut writes:

General Glut's Globblog: Yes, the job market really is weak: A small debate has ensued between James Hamilton of Econbrowser and Pro-Growth Liberal of Angry Bear over the interpretation of recent employment data, with the central dispute over whether current employment levels are 'good enough'.

It's not just employment-to-population ratios. It's real wage growth. It's the relative amount of long-term unemployment. It's payroll employment. We have four of five indicators telling us that the state of the job market is not that good and only one--the unemployment rate--reading green.

Brad DeLong's Semi-Daily Journal: Four Out of Five Indicators Say the Job Market Really Is Weak

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