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Denmark "Defends" the Krone by Lowering Interest Rate: More Which Way Is Up ProblemsDean Baker / January 20, 2015
Article Artículo
Is the Sharing Economy a Scam Economy?Dean Baker
The Hankyoreh, February 2, 2015
Dean Baker / January 19, 2015
Article Artículo
What Part of Japan's 3.5 Percent Unemployment Rate is Anemic?Dean Baker / January 18, 2015
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It’s Been Five Years, and All the Money Raised is Gone: What did the Red Cross Accomplish in Haiti?CEPR / January 16, 2015
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December Was a Good Month, but We’re Far From Fully RecoveredLast Friday, the Bureau of Labor Statistics released its December 2014 jobs report. Most media outlets have focused their reporting on the U-3 unemployment rate, which fell to 5.6 percent last month.
However, the U-3 unemployment rate is an imperfect measure of joblessness. In order to be counted as unemployed, a prospective worker must “have actively looked for work in the prior 4 weeks.” This means that if someone has been searching for work for a long period of time, but has become dissatisfied with their job prospects and hasn’t applied for any jobs over the previous month, he or she is no longer counted as “unemployed.”
Some have tried to correct for this bias by looking at labor force participation rates (LFPR); this is also misleading, mostly because labor force participation doesn’t distinguish between employment and unemployment. (A prospective worker is counted as being part of the labor force if he or she is either employed or unemployed and searching for work. This means that if 50 percent of a country’s citizens were employed and 30 percent were unemployed, its LFPR would be 80 percent; however, the LFPR would also be 80 percent if 75percent were employed and only 5 percent were unemployed. Obviously it’s important to distinguish between these two scenarios.)
CEPR and / January 15, 2015
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Does the 0.25 Interest Rate on Government Debt Demonstrate Japan's "Need" for Budget Discipline?Dean Baker / January 15, 2015
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Don't Believe the Hype—We're Not Even Close to Full EmploymentDean Baker
Boston Review, January 14, 2015
Dean Baker / January 14, 2015
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What Congress isn't Seeing When the Government SpendsDean Baker
Fortune, January 14, 2015
Dean Baker / January 14, 2015
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Idea for Tackling Inequality Number 27,653: Stop Subsidizing ItDean Baker
Truthout, January 12, 2015
Dean Baker / January 13, 2015
Article Artículo
A Financial Transactions Tax Is Not a Major Tax Increase on InvestorsDean Baker / January 13, 2015
Article Artículo
As S.&P. Prepares to Settle, Worth Remembering the Killing of the Franken AmendmentDean Baker / January 13, 2015
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The Cost to Savers of the Democrats' Wall Street Sales TaxDean Baker / January 12, 2015