Unemployment in Okla. Climbs to 4.3 Percent in December

February 1, 2008

  • February 1, 2008 at 1:41 am
    Economist Wannabe says:
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    First, how is this insurance news? I’ll get this drivel at the usual media outlets.

    Second, economists used to say that 5% unemployment was “full employment” as you always had a percentage of the population that either could not or would not work: the disabled, elderly, etc. This story does not say it outright but it makes it sound like 4.3% is too high.

    How about this: 95.7% of people who want to work in Oklahoma have a job. Pretty darn good, huh?

  • February 1, 2008 at 1:47 am
    Economist Wannabe II says:
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    Check out wikipedia on unemployment and labor force. Note especially the comments on labor force participation rate.

    Perhaps using unemployment statistics is not a very valid method of measuring true unemployment.

    Interesting reading!

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