Scott Lilly: John Boehner's Big Earmark
Berkeley Friday Afternoon Political Economy Colloquium: Friday February 18, 2011: "Austerity" in the Context of the Global Economic Downturn

Paul Krugman: There Is No Structural Shift to Cause Unemployment

Who_s Unemployed? -

Paul Krugman:

Who's Unemployed?: Larry Mishel emails me to second my concern about Charles Plosser’s blithe assertion that unemployment is about shifting workers out of construction. As Larry points out, the BLS provides data on the previous employment of the unemployed. There were 7.7 million more unemployed workers in 2010 than there were in 2007; of those extra 7.7 million, only 1.1 million had previously been employed in construction.... [H]ere’s the increase in unemployment 2007-2010 by industry of previous employment. See the structural shift? Neither do I. As others have noted, basically unemployment doubled for every industry, every occupation, every state. Where are the sectors/occupations/regions gaining jobs? Nowhere to be found. There’s nothing structural about it.