LPH submitted a new blog post:
Unemployment Rate Down Due to Retirement
Unemployment Rate Down Due to Retirement
Continue reading the Original Blog PostIn the report The New Sick-onomy? Examining the Entrails of the U.S. Employment Situation, Daniel Alpert asks: "The official (U-3) unemployment rate has fallen to 7.6 percent from a recession high 10 percent in October 2009. Clearly, America is on the mend . . . right?"
An answer lies in the comparison of declines in the U-6 and U-3 employment rate numbers. The U-6 has declined 16.4% since the...