Government’s broader unemployment measure still at 17%
The government reports that the unemployment rate remained stuck at 9.6 percent in October. The government’s broader measure of unemployment, sometimes referred to “true unemployment,” is still at 17 percent. There was drop of 318,000 in the number of people employed part time but who would prefer full-time work. The drop resulted in a slight decrease in true unemployment from 17.1 to 17.0 percent.
Failed Policies Prohibit Job Growth
Today, the Labor Department released data showing 95,000 more jobs were lost, resulting in total unemployment for the month of September at 9.6 percent. This means for the 14th month in a row, unemployment is at or above 9.5 percent, a marker not seen since the 1930’s. Additionally, yesterday’s polling by Gallup revealed that unemployment may be worse than what the Labor Department data shows. | Read More »
, Labor Department
, tax cuts
Would $850,000,000.00 per job rescued make the “stimulus” worth it?
Given his penchant for “misremembering” conversations (and for apparently misreading people entirely despite years of close contact — see Exhibit A, Rev. Jeremiah Wright, for an example), we can’t be sure that President Obama is even accurately recounting what Caterpillar CEO James Owens said to him in their conversation. However, here‘s what he seems to think went on: President Barack Obama says Caterpillar’s chief executive | Read More »