Comments on: Things are looking up http://adammclane.com/2010/01/14/things-are-looking-up-2/ Wed, 23 May 2012 16:55:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Andrea http://adammclane.com/2010/01/14/things-are-looking-up-2/#comment-7398 Andrea Thu, 14 Jan 2010 21:32:32 +0000 http://adammclane.com/?p=5576#comment-7398 In my macroecon class the other day, we discussed how even after economies make a comeback, unemployment rates continue to fall. This is because people who had given up looking for a job (because they felt that it was useless) are considered to be "off the market" by those who make the stats. As the economy recovers, more people start looking for work, which means that more people are counted as "on the market" for a job - which means that the actual unemployment "rate" will rise, even after the economy recovers. The actual numbers are more difficult to gauge. That aside, I hope that you are right, and that churches will be better off for having to aggressively trim budgets and revise strategies. In my macroecon class the other day, we discussed how even after economies make a comeback, unemployment rates continue to fall. This is because people who had given up looking for a job (because they felt that it was useless) are considered to be “off the market” by those who make the stats. As the economy recovers, more people start looking for work, which means that more people are counted as “on the market” for a job – which means that the actual unemployment “rate” will rise, even after the economy recovers. The actual numbers are more difficult to gauge.

That aside, I hope that you are right, and that churches will be better off for having to aggressively trim budgets and revise strategies.

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