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Politics : View from the Center and Left

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To: TimF who wrote (51503)	3/3/2008 8:29:58 PM
From: neolib	Read Replies (1) of 542706

Also if your measuring people without jobs you would look at the labor force participation rate. Not the full-time equivalent employment rate, because that can change up or down without the percentage of employed people (as full time shifts to part time, part time shifts to full time, or part time hours move up or down) See my prior comment regarding LFPR counting the unemployed looking for work. IIRC, the government stats for unemployment are only those looking for employment, not those who have given up and dropped out. The problem with using LFPR to somehow disprove the negative employment impact of foreign trade is that it masks both being unemployed and having reduced employment. Lots of full time manufacturing workers outsourced by free trade are either looking for work, or working part time. If you use a metric which magically does not account for that, and ends up telling you things look dandy, well...

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