All Commentary
Friday, February 5, 2010

Job Loss Was Underestimated

“Job losses during the Great Recession have been huge, and a government report Friday is expected to show the number is bigger than existing estimates. When the Labor Department releases the January unemployment report Friday, it will also update its estimate of jobs lost in the year that ended in March 2009. The number is expected to rise by roughly 800,000, raising the number of jobs shed during the recession to around 8 million.” (Washington Times, Friday)

What else has been miscounted?

FEE Timely Classic
“The Natural Rate of Unemployment” by Hans F. Sennholz

  • Sheldon Richman is the former editor of The Freeman and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families and thousands of articles.