Posts Tagged ‘unemployment’
Famously wrong Obama economist tries again
Oh, and just for good measure, “It’s Bush’s fault.” Christina Romer, the famously inaccurate economic crystal ball gazer gazes into her crystal ball again and predicts the economy will begin creating jobs again come spring.
Read MoreGraphical representation of job losses since Jan. 2007
Graphical representation of job losses since Jan 2007
Read More15% unemployment
Depressing. From yesterday’s Happy Hour, Cody Willard asks economist Peter Morici to gaze into the crystal ball and predict unemployment a year from now and how long before recovery. Depressing. http://www.youtube.com/watch?v=OgIdjvn_lmU
Read MoreUnemployment at 10.2% – can we stop spending money now?
Going to have to reference the graph again. And you’ll see it next month too. These are not economic estimates, this is how the Executive Branch sold the emergency spending legislation to the public. If we did not pass the recovery plan immediately … well you know …
Read MoreSteve Wynn schools Obama’s supporters on the economy
It’s a series of three video clips. The first is Moody’s chief economist Mark Zandi. He agrees we will be facing double digit unemployment for months if not years. But he says the stimulus is working. Otherwise it would be worse. Really? httpv://www.youtube.com/watch?v=PG93KVISAx0 We’ve heard this line before … from these same economists. Remember? We…
Read MoreIs the minimum wage increase helping?
Yeah, don’t think so. So much for the increase in the minimum wage that happened in July. I’m NOT saying the increase in the federal minimum wage directly caused the problem, but the unemployment rate for the 16 – 24 age bracket now stands at 52.2 percent.
Read MoreEconomic Roundup … and the news ain’t good.
I know, I know … the recession is over. But somehow statistical confirmation is outweighed by friends and family who still can’t find jobs, and 9.7% unemployment (new figures come out this week ) is hardly reassuring. I can assure you Wall Street is worried. Predicting economic direction is tricky business .. especially now. I…
Read MoreGood thing we did that stimulus, huh? Update: Video
This chart keeps changing and not for the better. Some analysis here at Michaels Comments. But what stuns me is not that the stimulus is not working … we warned you in February that shoveling money to Democrat public works projects does not stimulate the private sector where jobs are created. It’s not that the…
Read MoreReal Unemployment Rate Hits 16.8%
Real, as in, the people who are actually out of work: the recently unemployed. the ones who have given up, and the marginally employed … folks who work just a part time job just so they can eat. Not good
Read MoreBlame for the current unemployment rate
I’m not one to blame one person for the current unemployment rate. Many factors are involved and it’s just too complicated to blame it on one person or one administration. Bloggers and the media do like to place blame (it’s sexy) but I’m not sure displaying a graph comparing average rates during a president’s term…
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