Monday, Nov 09, 2009

View of unemployment

Adam Smith Institute: It's new business, not business, which is important

Short article on unemployment as a fixed measure being misleading, there are jobs lost and there are jobs gained. Job attrition is usually steady(ish), and what we consider to be rising unemployment is really the absence of new jobs from new businesses. Suggests that the unemployment in the US and UK is mainly due to unaddressed drop in new businesses , not the attrition rate.

Posted by stillthinking @ 01:52 PM (737 views)
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1 Comment

1. mark wadsworth said...

And I have given my standard comment in the comments, it ain't rocket science.

Monday, November 9, 2009 02:05PM Report Comment

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