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...morning of the first Friday in December, the Bureau of Labor Statistics (BLS) reported that the unemployment rate had fallen to 10% in November from 10.2% the month before. Hooray! Headlines heralded the unexpected drop. Stock prices surged. Enthused White House press secretary Robert Gibbs: "We're moving in the right direction...
...actively looking for a job but would happily take one if offered. Those ranks surely swell in a deep recession or during a time of economic turmoil that destroys entire job categories (like autoworker). The government's statisticians are aware of this, and since the 1970s the BLS has published broader measures of unemployment that include at least some of these people. In 1994 the broadest measure - which counts as unemployed those who have looked for work in the past year but not the past four weeks, plus part-time workers who would rather be working full time - was dubbed...
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...
...homicide goes, federal figures show that rates are down: matching the country's general crime trends, workplace killings have fallen by more than half since the 1990s, tumbling from 1,080 in 1994 to 517 in 2008, according to the Bureau of Labor Statistics (BLS). The figure fell 18% from the year before. "I think there is undue anxiety over homicide at work. There's no question," says Barton, who helps train the FBI to prevent workplace violence...
SOURCES: EUROSTAT; BLS...