The recent drop in the jobless rate has raised some eyebrows as it seemingly has defied statistical analysis. The common thought is that the jobless rate can't drop much without the economy gaining steam at a faster-than-normal rate. So what's driving the recent drop?
Some point to seasonal hirings, some point to over-firing during the recession, and some point to the fact that many jobless people have simply stopped looking, gone back to school, or have retired (all would not be counted as "jobless" in the stats). Is it worse or better than these numbers say?
http://economywatch.msnbc.msn.com/_news/2012/04/05/11006026-sharp-drop-in-jobless-rate-raises-questions-for-economists?lite
No comments:
Post a Comment