It is currently 19 Oct 2017, 09:51

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

The New Joblessness

 new topic post reply Question banks Downloads My Bookmarks Reviews Important topics
Author Message
CEO
Joined: 15 Aug 2003
Posts: 3454

Kudos [?]: 919 [0], given: 781

The New Joblessness [#permalink]

Show Tags

26 Jul 2009, 17:47
http://www.nytimes.com/2009/07/26/magaz ... f=magazine

Quote:
In the 1960s, Arthur Okun, a prominent economist, claimed to have discovered a mathematical relationship between the decline in output (that is, goods and services produced) and the rise in unemployment. It held up pretty well until recently. But this time around, although the decline in output would have predicted a rise in unemployment to 8 percent, the actual jobless rate has soared to 9.5 percent. So this recession is killing off jobs even faster than the things — like automobiles, houses, computers and newspapers — that jobholders produce.

Kudos [?]: 919 [0], given: 781

 Economist GMAT Tutor Discount Codes Manhattan GMAT Discount Codes Magoosh Discount Codes
Manager
Joined: 08 Jul 2009
Posts: 170

Kudos [?]: 28 [0], given: 26

Re: The New Joblessness [#permalink]

Show Tags

05 Jan 2010, 13:36
interesting thing to know.

Kudos [?]: 28 [0], given: 26

Re: The New Joblessness   [#permalink] 05 Jan 2010, 13:36
Display posts from previous: Sort by

The New Joblessness

 new topic post reply Question banks Downloads My Bookmarks Reviews Important topics

 Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.