Heavy Lifting - thoughts and web finds by an economist
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Thursday, October 07, 2010
What are the implications for us applied economists who use national, regional, or local unemployment rates as reported by the government?
If there is systematic measurement error injected into the unemployment numbers for political reasons, this would be horrible. If there is systematic measurement error injected into the unemployment numbers because we only have recessions as great as the one we have had/are in every fifty years or so, then that is bad but not as horrible. I suppose we hope that the Bush/Clinton doucracy didn't fudge the numbers as well?
Job losses in 2009 likely bigger than thought | Reuters
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- Job losses in 2009 likely bigger than thought | Reuters
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