Friday, April 1, 2011

Playing the fiddle, while the economy burns

The new labor report is out (here) and the news... well there aren't any news really. 216,000 jobs created, which is barely above what is needed to deal with the growth in the labor force. The unemployment rate is down to 8.8%, and the average duration of unemployment is up to 39 weeks. Meanwhile Nero (I mean Republicans) play the fiddle while Washington burns, err I mean shuts down. The Economic Policy Institute (EPI) provides in depth analysis here.
By -

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

The second coming of Trumponomics

Donald Trump will be the first president since Grover Cleveland, also a New Yorker, to have two non consecutive terms in the presidency. The...

  • Blog Moving to Substack (and first post)
    "Where is Everybody?" The blog will continue here for announcements, messages and links to more substantive pieces. But those will...
  • Hyperinflation in Bitcoinland
    There are Gold Bugs and there are  Bitcoin Bugs. They all oppose fiat money (hate the Fed and other monetary authorities) and follow some s...
  • A reply to Wray - Part I
    By Sergio Cesaratto (Guest Blogger) “The fact that individual countries no longer have their own currencies and central banks will put n...