Unemployment 4.2%

[Henry C.K. Liu]

What ever the implied relationship is between weekly new unemployment claims
and the actually number of workers not working has changed in recent years,
just as p/e ratio norms have changed.  Thus it is reasonable to suspect that
the 4.2% unemployment distorts the true unemployment picture more severely now
than a decade ago.

Henry C.K. Liu

Doug Henwood wrote:


> Charles Brown wrote:
>
> >Don't U.S. unemployment stats fail to take account of people who have
> >exhausted  unemployment benefits ?
>
> No. U.S. unemployment stats are based on a survey of some 60,000
> households. They don't include people who've given up the job search as
> hopeless or people who are in jail. The weekly unemployment claims figures,
> released every Thursday, report an "insured unemployment" figure. But
> that's something completely different.
>
> Doug