Monday, June 13, 2011

Not Working

Said Krugman, with skeptical wince:
"Employment just doesn't convince;
Though it tumbled off greatly
In 2008, we
Have seen no recovery since."

As a guest on the Charlie Rose program last week, Princeton's Nobel Prize-winning economist Paul Krugman poured cold water on the notion that the recovery is slowing, inasmuch as he does not believe there has been a recovery at all. Despite improvements in the official unemployment rate, notes Dr. Krugman, the percentage of adults actually employed has not increased. This apparent contradiction is explained by the "discouraged job seeker" effect, in which those who stop actively looking for work are no longer counted as unemployed.

* * *

A new page has been added to Limericks Économiques: "Dr. Goose and Mad Kane."  Please visit this page for the best in Dr. Goose's contributions to "Mad Kane's Limerick-Offs;" blogger Madeleine Begun Kane supplies the opening line, and verse-writing hopefuls compete to see who can best complete it. Warning: some of the verses are a little spicy (if not too raw).

1 comment:

  1. Poor Krugman -- he must be beyond frustrated by now!

    Good limerick.

    And of course I love your new page. :)


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