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Yves Smith — Official Unemployment Is at 3.9%? Economist Robert Pollin Says It Is More Like 12%

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Yves here. While quite a few economists have thrown cold water on the rosy message of the latest drop of the headline unemployment stat to below 4%, this Real News Network interview with Robert Pollin of PERI does the useful service of providing a more realistic estimate. Naked CapitalismOfficial Unemployment Is at 3.9%? Economist Robert Pollin Says It Is More Like 12% Yves Smith

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Yves here. While quite a few economists have thrown cold water on the rosy message of the latest drop of the headline unemployment stat to below 4%, this Real News Network interview with Robert Pollin of PERI does the useful service of providing a more realistic estimate.
Naked Capitalism
Official Unemployment Is at 3.9%? Economist Robert Pollin Says It Is More Like 12%
Yves Smith
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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