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U1 vs. U6?

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Mon Apr 20th, 2015 at 09:10:05 AM EST
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But we make the same type of calculation in Europe. It is perfectly fine to try to estimate 'people looking for work'. A high labor participation rate does not have to be a sign of a healthy economy.

Of course we should always look at several indicators. e.g. both U1 and U6 and so on.

by rz on Mon Apr 20th, 2015 at 09:12:53 AM EST
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