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European Salon de News, Discussion et Klatsch - 4 April | 113 comments (111 topical, 2 editorial, 0 hidden)
Re: U.S. unemployment at 16.2 percent (none / 0)
The labor market is actually weaker than the official unemployment rate indicates. Groups excluded from the official count include people who are working part time but would rather be working full time, people who want to work but haven't looked for a job in the past month, and people who have become discouraged and given up looking.

The Washington Post admitting to this? What is the world coming to?

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Sat Apr 4th, 2009 at 04:25:33 AM EST
[ Parent ]
Quite simple (4.00 / 5)
The Washington Post admitting to this? What is the world coming to?

A Democrat is in the White House. Therefore, maximize the bad.

by Magnifico on Sat Apr 4th, 2009 at 04:32:00 AM EST
[ Parent ]

European Salon de News, Discussion et Klatsch - 4 April | 113 comments (111 topical, 2 editorial, 0 hidden)
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