Making Sen$e of Business, Finance, and Economics


Making Sen$e

No more posts for today or the weekend as we debut (drum roll here, even trumpets, perhaps, or maybe a French overture)…our new Making Sen$e Web site, made possible by a grant from the Alfred P. Sloan Foundation, which shares our vision of making the best in economics education accessible, approachable, and as widely available as possible. Please do check it out.

It’s a work in progress. Feedback is devoutly to be wished and therefore warmly welcomed. You can give it right here in the Question/Comment box or send us an email at

I do have a question of my own, meanwhile: What does this headline mean?

A Dreadful, Yet Encouraging, Jobs Report

It’s the headline for a remarkable blog post from Dave Leonhardt of the NY Times today, remarkable most of all perhaps for the headline. Because, as desperately as one would like to believe the “encouraging” part, when you actually read the post, you get this summation:

All in all, this was one of the worst jobs reports in the last 30 years. The monthly job loss was larger than in any month during either the 2001 or 1990-91 recessions, relative to the size of the work force. The job losses in February and March were a bit worse than the Labor Department had originally estimated, according to the revised data released as part of the report. The total job loss in this recession has been larger than any in decades, which has left job market is in its worst condition since the early 1980s, and it will still be getting worse for months to come. It’s just not getting worse at an accelerating rate anymore….