A chart via Nomura to keep in the back of your head as you eagerly anticipate this Friday’s BLS employment situation report in the US:
In the grey line, Nomura economists have adjusted the unemployment rate for the number of discouraged workers who have left the labour force and therefore count as unemployed in this alternative measure.
Read more: http://ftalphaville.ft.com/blog/2012/02/01/860841/us-unemployment-progress/
In the grey line, Nomura economists have adjusted the unemployment rate for the number of discouraged workers who have left the labour force and therefore count as unemployed in this alternative measure.
Read more: http://ftalphaville.ft.com/blog/2012/02/01/860841/us-unemployment-progress/
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