News
WSJ | Chinese Survey Shows a Higher Jobless Rate
A new survey shows that the real unemployment rate in China is double the official level, and layoffs rose sharply among migrant workers in the past year, underlining a challenge for China's new leaders to maintain growth.
WSJ | Labor Market Plods Forward
Hiring increased at a slow but steady pace at American businesses last month, despite a massive storm and growing fears of a brewing fiscal crisis in Washington.
Blogs
AEI | The Jobs Gap | Missing: 15 million jobs from the private sector
Let’s keep it simple. For the past three decades, US private sector jobs have grown by about 1.8%-2.0% a year. But that’s not been happening since the Great Recession. Private sector jobs fell sharply in 2008 and 2009.
Calculated Risk | Labor Force Participation Rate Update
The recent decline in the participation rate was expected, and most of the decline in the participation rate was due to changing demographics, as opposed to economic weakness.
AEI | Why we may have seen the low point in unemployment for some time
Both the unemployment rate and labor force participation rate declined by 0.2 percentage point between October and November. Digging into the underlying flow, the improvement on the unemployment front reflects mainly an unexpected increase in the rate at which unemployed people leave the labor force.
National Review | Job Numbers, Recovery and Labor Force Participation
Patrick has already given us all of the relevant information about the job numbers but I thought these charts were visually informative.
AEI | Everything you need to know about the November jobs report in one chart
Note that HPS puts the demographically-adjusted unemployment rate at 9.7%. The way I calculate it, the rate could be anywhere between 9.2% and 10.4%, roughly. So 9.7% is nice ballpark figure
