http://dukeresearchadvantage.com/charvey/2009/07/03/systemic-risk-factor-1-jobs/ Research that Matters Thu, 27 May 2010 07:41:08 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://dukeresearchadvantage.com/charvey/2009/07/03/systemic-risk-factor-1-jobs/comment-page-1/#comment-363 syed husain Sat, 01 Aug 2009 13:53:39 +0000 http://dukeresearchadvantage.com/?p=947#comment-363 The way I see it is that there is some good news, the drop in jobs has tracked the drop in GDP, or if you believe in the Oaken's Law, the job market has performed even worse than expected. This may mean that when GDP picks up, it may spur faster job growth. Job losses for the rest of the world has not tracked the GDP fall, I suspect they will continue to see some job losses a bit further into the recovery, unless they have some systemic risk of their own that hasn't been exposed and will lead the rest of the world's economy to shed more jobs. I agree with you 100%, this isn't over by a long-shot.<div class="comment-remix-meta"><a href="#" class="quote" onclick="quote('363','syed husain','The way I see it is that there is some good news, the drop in jobs has tracked the drop in GDP, or if you believe in the Oaken\'s Law, the job market has performed even worse than expected. This may mean that when GDP picks up, it may spur faster job growth. Job losses for the rest of the world has not tracked the GDP fall, I suspect they will continue to see some job losses a bit further into the recovery, unless they have some systemic risk of their own that hasn\'t been exposed and will lead the rest of the world\'s economy to shed more jobs. I agree with you 100%, this isn\'t over by a long-shot.'); return false;">Quote</a></div> The way I see it is that there is some good news, the drop in jobs has tracked the drop in GDP, or if you believe in the Oaken’s Law, the job market has performed even worse than expected. This may mean that when GDP picks up, it may spur faster job growth. Job losses for the rest of the world has not tracked the GDP fall, I suspect they will continue to see some job losses a bit further into the recovery, unless they have some systemic risk of their own that hasn’t been exposed and will lead the rest of the world’s economy to shed more jobs. I agree with you 100%, this isn’t over by a long-shot.

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]]> http://dukeresearchadvantage.com/charvey/2009/07/03/systemic-risk-factor-1-jobs/comment-page-1/#comment-355 Why analyze the economy when Dr. Summers has a “rule-of-thumb” « Resolute Determination Thu, 23 Jul 2009 13:52:00 +0000 http://dukeresearchadvantage.com/?p=947#comment-355 [...] Back on March 16, I reported on this blog of the work done by a former business school professor of mine. The original post can be found here. Professor Harvey just ran the numbers and forecast an 11% to 12% eventual unemployment rate. He reconfirmed that number on July 3rd. You can see his blog post here. [...]<div class="comment-remix-meta"><a href="#" class="quote" onclick="quote('355','Why analyze the economy when Dr. Summers has a “rule-of-thumb” « Resolute Determination','[...] Back on March 16, I reported on this blog of the work done by a former business school professor of mine. The original post can be found here. Professor Harvey just ran the numbers and forecast an 11% to 12% eventual unemployment rate. He reconfirmed that number on July 3rd. You can see his blog post here. [...]'); return false;">Quote</a></div> [...] Back on March 16, I reported on this blog of the work done by a former business school professor of mine. The original post can be found here. Professor Harvey just ran the numbers and forecast an 11% to 12% eventual unemployment rate. He reconfirmed that number on July 3rd. You can see his blog post here. [...]

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