“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
