tag:blogger.com,1999:blog-8595404115121834255.post3834233271345047276..comments2024-03-28T03:24:05.678-04:00Comments on NAKED KEYNESIANISM: How bad is the unemployment rate?Matias Vernengohttp://www.blogger.com/profile/09521604894748538215noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8595404115121834255.post-10027724366013500062012-06-03T18:52:43.032-04:002012-06-03T18:52:43.032-04:00Here is a link to my modified U-6 graph
http://res...Here is a link to my modified U-6 graph<br />http://research.stlouisfed.org/fred2/graph/?g=7HKClonalhttps://www.blogger.com/profile/18290009954839887975noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-90718466369002951732012-06-03T11:04:30.359-04:002012-06-03T11:04:30.359-04:00THanks for the links Clonal!THanks for the links Clonal!Matias Vernengohttps://www.blogger.com/profile/09521604894748538215noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-14649833222092686592012-06-02T01:09:55.102-04:002012-06-02T01:09:55.102-04:00You should also look at the ration of (Not in Labo...You should also look at the ration of (Not in Labor Force)/(Civilian Labor Force) to get a much better unemployment adjustment level. My estimate from that is that U-6 has been flat to slightly increasing from 2008 to today, and should be currently close to ~24%<br /><br />See http://research.stlouisfed.org/fred2/graph/?g=7yX<br />and http://research.stlouisfed.org/fred2/graph/?g=7yYClonalhttps://www.blogger.com/profile/18290009954839887975noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-88358125753055276172012-06-01T14:08:51.289-04:002012-06-01T14:08:51.289-04:00The fall in the participation rate is basically a ...The fall in the participation rate is basically a result of too very poor recoveries, the Bush one after 2001, and the Obama one after 2007-8. But even if you had a demographic component what that means is that with a lower participation rate, to keep the labor market tighter you need even more expansionist macro policies.Matias Vernengohttps://www.blogger.com/profile/09521604894748538215noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-63557780954986778142012-06-01T13:27:39.066-04:002012-06-01T13:27:39.066-04:00Are US entering a demographic transition, or is th...Are US entering a demographic transition, or is the drop in the participation rate explained by the crisis and the persistent unemployment?Andréhttps://www.blogger.com/profile/11689376964334447185noreply@blogger.com