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Mark Perry on Krugman and the Jobless Rate

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Carpe Diem’s Mark Perry carefully investigates and clearly explains [2] — much better than I do here [3] — the likely source of Paul Krugman’s mistaken claim, in yesterday’s New York Times [4], that "the percentage of prime-working-age Americans without jobs . . . is historically high."

Mark reached the same conclusion that I reached: Krugman mistook "men" for "all workers."

Using what is likely the same data source used (but carelessly so) by Krugman — and looking at the jobless rates of both men and women — Mark concludes

Krugman
says "the percentage of prime-working-age Americans without jobs is
historically high," which is clearly not accurate. It would be more
accurate to say that it is close to being historically low
.

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