Paul Krugman on Labor Market Deterioration
Paul Krugman writes: "the labor market has gotten a lot worse over the past year, not just in the last few months."
This graph is U6: "Total unemployed, plus all marginally attached workers plus total employed part time for economic reasons, as a percent of all civilian labor force plus all marginally attached workers..."
Paul goes on:
Labor market deterioration - Paul Krugman: I've argued on many occasions that the official unemployment rate has been a poor guide to the reality of the labor market in recent years...
