How Bad is US Unemployment?
This article assesses the significance of the January 2009 US unemployment figures. The steep fall of 4 million jobs is greater than any 12-month fall in history. Does this mean that 2007-2008 heralds the worst recession since 1929? This article assesses the empirical evidence of the US payroll figures to date.
|Date of creation:||24 Feb 2009|
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- Freeman, Alan, 2009. "Investing In Civilization," MPRA Paper 26807, University Library of Munich, Germany, revised 15 Feb 2009.
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