Must-Reads: Jared Bernstein: Will the Real Unemployment Rate Please Stand Up?: “Let’s be conservative and say that 2/3 of the decline in the labor force [participation] rate is “fixable”…. Then the unemployment gap is: 6.7 + (2/3 x 3.4) – 5.5 or about 3.5 ppts (that 3.4 is the drop in the labor force rate … Continue reading Things to Read on the Afternoon on January 13, 2014