Time Magazine’s feature story this week is a sobering report on double digit unemployment. The magazine asks, frighteningly, if double-digit unemployment is here to stay. Economists had long since told us that when growth returned, jobs would return. But now, top labor analysts are wondering whether this truism still rings true. Has something fundamental changed [...]
uenmployment rate
Another first Friday of the month, another unemployment report. This one is a real mixed bag. First, the really bad news: The unemployment rate is 9.7% — the highest it has been since June, 1983. Unemployment creeped up from a rate of 9.4% in July, and many economists predict that it will top out at [...]
