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Is the U.S. Unemployment Rate Already as High as It Was in the 1980s?

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  • John Schmitt
  • Dean Baker

Abstract

Even today, some observers insist the economy cannot be so bad if the unemployment rate is still below levels reached in 1982. But, in fact, the labor force is on average much older now, and that should mean more people are working. If we adjust the labor force for age, how are we faring? These two economists make the calculation.

Suggested Citation

  • John Schmitt & Dean Baker, 2009. "Is the U.S. Unemployment Rate Already as High as It Was in the 1980s?," Challenge, Taylor & Francis Journals, vol. 52(5), pages 117-125.
  • Handle: RePEc:mes:challe:v:52:y:2009:i:5:p:117-125
    DOI: 10.2753/0577-5132520507
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