The Not-So Governmental Guide to Unemployment Figures

One of the things you pick up in freshman economics is the distinction between structural employment and frictional unemployment. Of course at the time I’m sure it sounded as abstract as it did to me, until you realize the differences provide wonderfully rich opportunities for statistical chicanery.  There’s a quote popularized by Mark Twain which comes to mind here.

On that note, I noticed a new post on the wonderful Mint blog which contains the following visual, which I’m linking to below. Read ’em and weep, as they say.

This entry was published on January 26, 2009 at 3:38 AM. It’s filed under Uncategorized and tagged . Bookmark the permalink. Follow any comments here with the RSS feed for this post.

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