» Entries tagged with "unemployment"
A Very Depressing Graph, Indeed
The graph above is from the recent CBO report, titled “Budget and Economic Outlook – Fiscal years 2013 to 2023.” It’s not a pretty graph: it shows the relative number of long-term unemployed over the last few years. The CBO explains it this way (highlighting mine): “In CBO’s view, about 1 percentage point of the net rise of 2.8 percentage points in the unemployment rate that occurred between December 2007 (the peak of the previous economic … Read entire article »
Filed under: Featured, Kim's Korner
The recession isn’t recovering, and it isn’t going away anytime soon!
On September 21, 2009, the headline for MarketWatch read, “The U.S. recession is bottoming out and a recovery is near.” A few days ago I read in our local paper that San Diego foreclosures were up 34% in January. Meanwhile, California’s unemployment rate is at 12.3% and the nation’s unemployment rate stands at 9.8%. In both cases the trend has been up, not down. The US debt is well over $14 trillion and the US dollar continues … Read entire article »
Filed under: Kim's Korner
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