Over the past few days, we’ve been discussing job creation and the various ways to think about unemployment. This has been a long standing theme around here (Augmented unemployment rate, as well as the NILF issue — Not In Labor Force).
See the list at bottom of BLS Alternative Measures of Labor Underutilization.
Since a picture is worth a 1,000 words, I’d like to point to some recent work by Prof Andrew A. Samwick of Dartmouth. Over at Vox, Baby, the good professor posted a terrific chart showing these different measures of unemployment:
Source: Andrew Samwick
I see two significant factors about these collectively measures of Unemployment:
First, the official (U3) measure, so favored by politicians, understates "real world" unemployment by about a third.
Second, and perhaps most important, since late 2006/early 2007, unemployment levels have bottomed and are now trending higher. And, we appear to be in the early parts of that cycle . . .
What the Unemployment Rate Misses
Andrew A. Samwick
Vox, Baby March 05, 2008
Table A-12: Alternative measures of labor underutilization
BLS Alternative Measures of
U1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force
U2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force
U3 Total unemployed, as a percent of the civilian labor force (the official unemployment rate)
U4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers
Total unemployed, plus discouraged workers, plus all other
marginally attached workers as a percent of the civilian labor force
plus all marginally attached workers
U6 Total unemployed, plus
all marginally attached workers, plus total employed part time for
economic reasons, as a percent of the civilian labor force plus all
marginally attached workers (the "real world" unemployment rate)
This is my annoyance of the moment: Why are DVDs a DRM-locked proprietary platform? When I purchase one, why can’t I use this on a convenient, portable device such as my iPod?
What a pain in the arse it is to rip a DVD: Frist, you need to use several products (MP4
Converter, Handbrake, Ripper); 2nd, it takes forever. 3rd, and its illegal to do so.
What brought this about recently was The Simpson’s Movie — actually, more of an extended 90 minute episode. I saw it with my nephews (with me snoozing thru parts of it).
However, going through the extras, I started listening to producer/writer commentary. Unbelievably entertaining stuff, like a terrific radio show with several very funny people cracking each other up. I would have liked to put on the iPod for the train, but no such luck.
I can rip the basic movie, but not the special audio commentary. Anyone have a clue how to do that?
The Complete Guide to Converting DVDs to iPod Format
iLounge, November 21, 2005
Rip DVDs To Your Mac To View On AppleTV And iPod.
Mac360, Friday, April 13, 2007