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December 08, 2003

% of Population Employed Falling

Read this Brad DeLong post which highlights how serious the employment problem is out there. He looks not as the unemployment rate-- which is distorted by uncounted "discouraged workers" - but rather looks at the percentage of the overall working age population with a job. The results are startling and unsettling. Read the post.

Posted by Nathan at December 8, 2003 11:33 PM