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Thursday, August 14, 2014

New Economic Data Under Scrutiny

By Any Measure, The Job Market Is Getting Better (Ben Casselman) from FiveThirtyEight
"U.S. employers listed 4.7 million available jobs at the end of June, 700,000 more than a year earlier and the most since 2001, according to new data released Tuesday. Meanwhile, the number of unemployed workers has been falling steadily and is now below 10 million."
The thing that always kills me about these jobs report is statements like the following: "There are now two unemployed workers for every job opening, down from about seven at the height of the unemployment crisis."  Now, consider the ACADEMIC job market for the Arts and Humanities: for as long as I can remember, most job postings receive between 100 and 300 applications.  People are welcome to comment on this state of affairs because I know we have a disproportionate number of academics who follow this site.

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