Unemployment: Romer Would be Proud

The DoL issued latest unemployment figures. We present the analysis of the top level here. We will do the segment later. The data is shown above. The announced rate is 9% but the actual constant percent employed is up to 12.5%. The problem as seen above is that the base has decreased significantly. If we want to keep the same percent of the population employed as in 2006 we need substantial change and what we have now is just getting worse. As for the old Romer Report, the numbers are well off from any reality.