Krugman Has Employment Numbers All Wrong

In his latest New York Times column, Paul Krugman asserts that employment has risen by 14 million in the U.S. in the past 8 years, which he says are only “slightly less” than the 16 million gain during the Reagan era.

No, it hasn’t. The Bureau of Labor Statistics says it has risen by only 2 million between November 2006 and November 2014. Why Krugman would want to publish such an easily checkable lie is hard to understand. It might be the case that he isn’t lying, but simply negligent in his research. What is clear though is that his numbers are wrong.

Also, comparing absolute numbers in employment numbers between the 1980s and the 2000s are obviously misleading since the absolute number of employed was 46% higher in 2006 than in 1980. So even if that 14 million number was correct (which it isn’t), it would have represented a gain of less than 10%, compared to the 16% gain during the Reagan era. It is more difficult to believe that this more methodological error is due to mere negligence.

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