Percentage Change in People "Not in Labor Force": Comparing the 1982 to 2009 recoveries
posted by John Lott at 9:59 AM
2/07/2011
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3 Comments:
Has the data been adjusted for population growth? Raw numbers are important but the fact is that the larger the population there are more people that can be out-of-work or leave the labor force.
How about showing the percentages are people in the labor force during the same time frame?
The number itself is not important...it is the trend, in 1982 the trend was going down by this point in the recovery. Here in 2011 this trend is continuing up. Do you not see a problem with that?
Interesting that to make this comparios work, you show the country is 19 months into the recovery. That means that the recovery started in the summer of 2009. I know of no respected economist that believes that to be the case.
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