Career Calling

January 9, 2012

Krugman on the Meaning of 200,000 New Jobs

Whether you love him or hate him, Nobel Prize winning economist Paul Krugman states his opinions in language that is clear and concise.  In a recent blog post, he explains why the December job growth number of 200,000 is not necessarily good news.  Taken in relation to recent news, it sounds good.  However, Krugman contrasts the growth number with job growth in the 1990s and what should have come from that period.  Taken in context, the news is not good.  We’re still in the ditch.

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