Krugman: We’re in a depression, you know
Misguided budget-cutting? I’m pretty sure this isn’t helpful for the Obama re-election campaign message. His ads talk about the Great Recession, and how his audacious leadership has led us out of it...
View ArticleA reminder about the path to “full employment”
Your charts of the day. Earlier today, I wrote about the new ad from Bill Clinton that correctly identified employment as the biggest issue in the campaign … a welcome change from the distraction...
View ArticleWhite House: That jobs report shows the awesome recovery continues, or something
Can you dig it? Well, what else can they say? The Obama administration keeps pointing to the fact that we haven’t had a negative jobs report since early in his presidency, but that only means...
View ArticleRomney on jobs report: If last night was the party, this morning is the hangover
Party down. Ed already covered the deceptively-even-more-dismal-than-it-appears August jobs report from this morning, and with it coming on the heels of President Obama’s big nomination speech last...
View ArticleBLS: Americans “not in labor force” increased by 8 million+ during Obama’s...
Fact. As we officially embark into President Obama’s second term today, let’s take a moment to examine the new economic normal with which the voting public is apparently quite comfortable. While we’ve...
View ArticleAre we experiencing an off-the-books boom?
The effects of government intervention. Wages are down. Jobs are stagnant. The economy hasn’t generated the kind of growth that should fuel consumer spending. Yet we are seeing consumer confidence...
View ArticleJobs report: Only 88,000 jobs added; Update: “This is a punch to the gut”
Labor force drops 496,000. The new jobs report from the Bureau of Labor Statistics came in well under even pessimistic expectations. The US economy only added 88,000 jobs in March, while nearly a...
View ArticleVideo: “It’s a permanent unemployed level”
Plus, Ramirez on hope and change and the food-stamp economy. Via Daniel Halper at The Weekly Standard, CNBC’s Jim Cramer dimly sees that today’s jobs report isn’t about the sequester or the end of the...
View ArticleWaPo: Say, there seems to be a lot fewer workers these days
"Decade-long-trend"? Perhaps we should be happy that the Washington Post has finally noticed that the labor force has rapidly eroded during the so-called recovery in the Barack Obama presidency, but...
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