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The Employment Disappearing Act: Where Did 500,000 Jobs Go?

Sometimes you see a lot by looking, according to famed economist Yogi Berra. Somehow, the labor statisticians’ “whoops” factor involves over-counting the number of employed people by a mere half million. Then they say unemployment got better, except, of course, for the parts that got worse. At least there was exceptionally good news from the Institute of Supply Management reports, the best in quite a while. Dr. Joe explains what printers should assume in their planning, saying that skill really matters, and that luck will have nothing to do with it.

By Dr. Joe Webb
Published: February 7, 2011

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Dr. Joe Webb is one of the graphic arts industry's best-known consultants, forecasters, and commentators. He is the director of WhatTheyThink.com's Economics and Research Center.

What do you think? Please send feedback to Dr. Joe by emailing him at drjoe@whattheythink.com.

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Discussion

By Alain Villemure on Feb 07, 2011

This past November I was listening to small business owners being interviewed on Bloomberg. One mentioned the impact of election campaigning on the availability of Network TV time. And having to resort to other media, Radio, print during a period of approximately 45 days because of that phenomena. I can't tell the amplitude of this phenomena, this was more anecdotal information.

 

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