Word: stilles
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...much for that fall in unemployment, huh? It was a telling reaction, indicative of the still gloomy national mood, the perceived fickleness of monthly economic indicators - and the diminished status of the unemployment rate as a statistic. Once the indispensable, largely unquestioned measure of the state of the job market, it is now treated with suspicion and disdain. With good reason, because the unemployment rate fails to accurately reflect just how bad things are out there. (See 10 perfect jobs for the recession - and after...
...four weeks are classified as unemployed. After some statistical adjustments to extrapolate the data from those 60,000 households to the total U.S. population, the number of unemployed is divided by the size of the labor force (employed plus unemployed), and there's your rate. Measured that way, unemployment still isn't as bad as it was at the lowest point of the 1981-82 recession, when it hit 10.8%. And it's nowhere near what it was in 1933, when the rate peaked somewhere around...
Such measures still rely on people's own assessment of whether they want to work. A BLS study a decade ago found that these self-assessments aren't all that reliable. So how about the simplest possible job-market measure, the employment-to-population ratio? Among Americans ages 25 to 54, it was at 75.1% in November, down from 80.3% in early 2007 and - with the exception of October's 75% - the lowest it's been since 1984. Because of the entry of women into the workforce, the ratio trended upward from the 1960s through the 1990s. If you look...
...billionaire who christened his yacht Privacy, a star who shrank from the spotlight while building sport's most lucrative brand. For years his statements have been as bland and scripted as his Sunday tournament garb. But even with his myth punctured and his personal life in tatters, Tiger can still lean on his talent. As much as we love tearing down our idols, we're suckers for tales of redemption, and one Sunday next year, Woods will hoist another trophy. At that point, perhaps we can admire the achievement without deifying the athlete--and stop mistaking public prowess for private...
...What They're Naming in Australia: The decade is nearly over, and the world still hasn't reached a consensus on what to call the 2000s. But an Australian website has gotten a head start on naming the 2010s. In a contest that garnered more than 3,500 entries--including "Tenties" and Teenies"--News.com.au awarded nearly $2,000 to the person who suggested "One-ders." After the dreary decade we've suffered through, the judges said, the moniker's "bright-eyed optimism" was a welcome change...