Measuring Unemployment: Bad News, Good News, and When to Know the Difference
On the surface, the drop in the civilian unemployment rate to 8.6 percent signals an important and positive breakthrough. Data provided by the Federal Reserve Bank of St. Louisshows that since the most recent recession “officially” ended in June 2009, there has been an uneven, but steady downward trend in the unemployment rate. Figure 1Read… Read more »