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To: agere_contra
Which is why I posted it relative to long-run averages. There are birth/death adjustments every period. But over the long run the methodology is the same. Look at the NFP graphs. The market has improved substantially since the bottom in 2009-10. We aren't back to peak numbers of employed (2007-08 bubble) but well above the prior cycle (pre-2001 recession) highs.


86 posted on 05/07/2013 10:11:01 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: Wyatt's Torch
Here are the Shadowstat unemployment figures. Red is U3, Grey is U6 and the blue line uses the pre-1994 methodology - which is U6 + long-term discouraged workers.


The Shadowstat figures are the closest approach to the key metric of "people who could potentially work but who aren't working".

Hope this is helpful.

91 posted on 05/07/2013 10:45:04 AM PDT by agere_contra (I once saw a movie where only the police and military had guns. It was called 'Schindler's List'.)
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