{"id":197034,"date":"2008-03-06T20:10:00","date_gmt":"2008-03-07T01:10:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/03\/06\/our-bogus-unemployment-statistics\/"},"modified":"2008-03-06T20:10:00","modified_gmt":"2008-03-07T01:10:00","slug":"our-bogus-unemployment-statistics","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/03\/06\/our-bogus-unemployment-statistics\/","title":{"rendered":"Our Bogus Unemployment Statistics"},"content":{"rendered":"<p>David Leonhardt at the times has a <a href=\"http:\/\/www.nytimes.com\/2008\/03\/05\/business\/05leonhardt.html\">very good article<\/a> on unemployment statistics, and it explains how it has become less accurate over time.<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>Consider this: the average unemployment rate in this decade, just above 5 percent, has been lower than in any decade since the 1960s. Yet the percentage of prime-age men (those 25 to 54 years old) who are not working has been higher than in any decade since World War II. In January, almost 13 percent of prime-age men did not hold a job, up from 11 percent in 1998, 11 percent in 1988, 9 percent in 1978 and just 6 percent in 1968.<\/p><\/blockquote>\n<p>It&#8217;s a good read, and better written than I can do.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>David Leonhardt at the times has a very good article on unemployment statistics, and it explains how it has become less accurate over time. Consider this: the average unemployment rate in this decade, just above 5 percent, has been lower than in any decade since the 1960s. Yet the percentage of prime-age men (those 25 &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[975,1002,992],"tags":[],"class_list":["post-197034","post","type-post","status-publish","format-standard","hentry","category-employment","category-good-writing","category-statistics"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/197034"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=197034"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/197034\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=197034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=197034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=197034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}