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How The Last Boiling Frog Gave Birth To The Modern Unemployment Rate

Summary:
The origins of the modern unemployment rate were, of course, political in nature. Before, the question was simple: you were either employed or you weren’t. There weren’t so many various stages of condition, a gradation that today is as enthusiastically applied to the very definition of the labor force itself. http://davidstockmanscontracorner.com/?p=187510&preview_id=187510&preview_nonce=d1863f38c1&preview=true

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The origins of the modern unemployment rate were, of course, political in nature. Before, the question was simple: you were either employed or you weren’t. There weren’t so many various stages of condition, a gradation that today is as enthusiastically applied to the very definition of the labor force itself.

http://davidstockmanscontracorner.com/?p=187510&preview_id=187510&preview_nonce=d1863f38c1&preview=true

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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