Tag Archives: Brynjolfsson and McAfee

All Change for Employment?

Every month, the benchmark nonfarm payroll employment numbers are reported by the U.S. government and every month Bill McBride at Calculated Risk puts out a comprehensive post analysing the figures. The post (or rather posts) invariably include the following two graphs (click on either graph for a larger image):

Percent Job Losses jpg

Employment Population Ratio copy

Both graphs suggest that there is something about the current recovery that is different; in other words, Continue reading