Private employment has recouped on three-eighths of its recent loss

posted by
February 20, 2012
Independent Institute
by Robert Higgs  
Posted in Commentary

"As the most widely reported rate of unemployment (U-3) has fallen in recent months, people with a political agenda served by painting a rosy picture of the recovery have made considerable noise about this decrease. Their political opponents have responded that one reason for the decline is that the labor force has fallen as more people have given up looking for work, some of them going into retirement sooner than they would have if the labor market had been more robust. The best way to avoid the parsing and cherry-picking that plagues such debates is to look not at unemployment, but at employment." (02/19/12)

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