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Re: [Pen-l] Lengthy recession predicted

Max Sawicky wrote:
> Why not EPOP instead of ue rate?  (ratio of employed to working-age pop).  The denominator of the UE rate is too flaky.<

I'd use several measures, including the EPOP and the UE rate, just as
the NBER looks at a variety of data in dating recessions and their
ends.

One complaint I have with the EPOP is that its upward trend simply
represents the commoditization of labor-power (e.g., women leaving
predominantly domestic labor to go to paid labor) rather than what the
UE rate purports to measure, i.e., waste of human time.
-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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