The really, really bad news about the unemployment rate.

... maybe the employment data are much worse than they seem. In the past year, the two key measures of employment—the unemployment rate and the payroll jobs figure—have been poor but not awful. The unemployment rate has risen from 4.5 percent a year ago to 6.1 percent. And in the first nine months, 760,000 payroll jobs were lost. This is unwelcome but not catastrophic. So why do things feel so bad? It's not because, as Phil Gramm suggested, we're a ... Full Story »

Posted by Kaizar Campwala
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Subjects: U.S., Business
Topics: U.S. Economy, Jobs
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Posted by: Posted by Kaizar Campwala - Oct 23, 2008 - 7:43 AM PDT
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Edited by: Kaizar Campwala - Oct 23, 2008 - 7:43 AM PDT

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3.4
by Derek Hawkins - Oct. 23, 2008

After reading the Washington Post's story on job losses today, this one seems bland. The concept -- that no one really gives an accurate gauge of unemployment -- is laid out well, but it's nothing I haven't seen elsewhere.

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3.8
by Fabrice Florin - Oct. 23, 2008

Very informative report on how the currently low unemployment rate of 6% doesn't include 'discouraged workers' who have given up looking for jobs. According to this report, the real unemployment rate is closer to 10%, and the job situation in the U.S. is a lot worse than it has been at any time since 1994. This excellent report provides extensive factual information from the Bureau of Labor Statistics to back its points, and goes further than others in exposing this important discrepancy.

… as the unemployment rate has risen, so too has the portion of the population suffering from other types of work deficits. Three years ago, when the unemployment ... More »

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4.7
by Marsha Iverson - Oct. 23, 2008

Daniel Gross has hit on one of the biggest and least-acknowledged issues of the American economy. Underemployment has long been a problem that has stayed 'below the radar' because the standard data don't capture the information. In this story, Gross cites the numbers, to the best of our national tracking ability. And he ends with a profoundly accurate--if unnerving--conjecture. This may be one of the biggest problems in the US economy.

There's no measure for the appropriateness of employment: How many attorneys who can't get hired by law firms are slinging hamburgers for minimum ... More »

And the alternative labor underutilization measures show a lot of stress. The data on people not in the work force show the number of people not looking for work because ... More »

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4.2
by Madison Corney - Oct. 23, 2008
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2.1
by Nicole Slater - Oct. 23, 2008

This seems very opinionated and poor journalism. You never start sentences with "And". The title is in bad taste as well!

This seems very opinionated and poor journalism. You never start sentences with "And". The title is in bad taste as well!

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3.2
by Amy Vigen - Oct. 23, 2008
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3.6
by Abigail LePeilbet - Oct. 23, 2008
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3.6
by Melissa Biggs - Oct. 23, 2008
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