Most everyone agrees that 6.7 percent (or whatever last week's number is) isn't representative of anything anymore. The split as to why is more interesting.

I'm a proponent of the "growing structural unemployment is a part of the future" view.


Something else to keep in mind - Etsy, craigslist, anything under the table isn't captured as "employment." The more I look at it, the more "hipsterism" looks like a rational response to an irrational jobs market.

posted by flagamuffin: 1589 days ago