Those who stop looking for work aren’t officially listed as unemployed. There is a broader monthly statistic that accounts for the dropouts, but it doesn’t get the attention it deserves. Source: NYT > Business – Louis Uchitelle
Martin Feldstein, a Chief Economist Under Reagan, Dies at 79
He took a leave from Harvard to be chairman of the Council of Economic Advisers and, as a deficit hawk, never shied from challenging his White House colleagues. Source: NYT > Business – Sapna Maheshwari and Ben Casselman