Magic Unemployment Numbers

"Yes, in the world of government statistics, we can have a rising population, the number of employed go down and still see the unemployment rate drop. We simply use a definition for unemployed which ignores many of those who are in fact unemployed and would like a job. "

"The data suggest that most of the jobs added during the recovery have been new positions in different firms and industries, not rehires. In our view, this shift to new jobs largely explains why the payroll numbers have been so slow to rise:"

it is often cheaper for employers to buy technology than hire new employees. Partially that is because the price of technology is coming down and partly because the cost of borrowing is so cheap.

-(Alltså den låga räntan gynnar  investeringar i teknik istället för i personal, greenspan kanske är contra produktiv med räntesäkningarna)

http://www.safehaven.com/showarticle.cfm?id=1340

“No warning can save a people determined
to grow suddenly rich.” - Lord Overstone

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