The Corner

Unemployment and Growth

We shouldn’t expect the numbers to mirror each other perfectly. Growth can be strong while the unemployment rate goes up. For example, some workers might be too discouraged during a recession to apply for a job–and if they’re not looking for work, they don’t count in the unemployment rate. The beginning of a recovery might cause them to look for work and thus enter the rate calculation. Or, at the end of a boom, employers might keep hiring because they haven’t realized that consumer spending is starting to go down. There are all sorts of reasons that unemployment and growth numbers might seem discordant without there being anything especially wrong with the economy.

Ramesh Ponnuru — Ramesh Ponnuru is a senior editor for National Review, a columnist for Bloomberg View, a visiting fellow at the American Enterprise Institute, and a senior fellow at the National Review Institute.

Most Popular

Politics & Policy

The Origins of Progressive Agony

What has transformed the Democratic party into an anguished progressive movement that incorporates the tactics of the street, embraces maenadism, reverts to Sixties carnival barking, and is radicalized by a new young socialist movement? Even party chairman Tom Perez concedes that there are “no moderate ... Read More

How Will the Senate Races Break?

How will the Senate races break? We have less public polling to go on than in recent years, so answering that question is harder than ever. But the news is more optimistic for Republicans than it was a month ago.   Waves and Breakers Four years ago, I projected in mid September that if “historical ... Read More

The Media Fell for Elizabeth Warren’s Spin

Do you want to know what media bias looks like? Earlier today, Massachusetts senator Elizabeth Warren released DNA test results that confirmed that she misled employers, students, and the public about her Native American heritage for years. Bizarrely, all too many members of the media treated the results as ... Read More