The latest Economic Situation new release from BLS suggest the economic might take a while before getting to 9.0%.
Government statisticians say the unemployment rate fell by 0.4 percentage point to 9.4 percent in December, and nonfarm payroll employment increased by 103,000. Employment rose in leisure and hospitality and in health care but was little changed in other major industries.
Here is an interesting an interesting website about government statistics. The siteis maintained by John Williams.
Should economists know their own history
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There’s been a recent fuss in various media arising from a tweet from
economist Ben Golub regarding astonishment that economists haven’t “worked
through” S...
1 day ago
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