Our "Go To Guy" for Economic Data (John Mugarian's Dynamic Growth)

Our "Go To Guy" for Economic Data

I recently received this question from a viewer concerning the unemployment numbers, and the exclusion of the jobs lost due to outsourcing:

John, when you post " unemployment numbers do not count jobs lost from outsourcing in their reporting. So, if companies replace 2 million U.S. workers with 2 million Asians, the 2 million that lost their jobs are not counted as unemployed."

Is there a reference to this methodology? I'd be interested in seeing where this info comes from.

Thanks

Mr Solo

My source for the data is Paul Craig Roberts, A former editor and columnist for The Wall Street Journal, and a former assistant secretary of the Treasury for economic policy under Ronald Reagan. Here is a recent article written by Mr. Roberts that contains the information you are looking for.

Posted by John Mugarian on March 20, 2006 10:54 AM | Permalink

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