Evidence That Media Need to Use Different Unemployment Measures

Actual Washington Post headline today (3/11/10): Rise in Washington Area Unemployment Seen as Good Sign for Economy’s Recovery Reporter V. Dion Hayes tries to explain: Rising unemployment as a positive sign may sound counterintuitive, but economists explain it this way: The increase suggests that long-term unemployed people in the D.C. area who had given up looking for work have restarted their job hunt, perhaps because they see evidence that the region’s economy is improving and that employers are beginning to hire again. On the other hand, the declining national rate indicates that discouraged workers elsewhere have remained out of the […]