Tag: jobs

December 18, 2012 0

Normalized Unemployment Rates; Cyclical vs. Secular Forces

By News Desk

Many have heard of normalized P/E ratios based on 10-year earnings averages and the concept of reversion to the mean. To the best of my knowledge no one has attempted to normalize unemployment rates based on demographic trends, although some have attempted unemployment normalizations based on changing definitions of the meaning of unemployment