The January jobs report is out and it seems pretty strong, at least superficially. The unemployment rate fell to 8.3 percent from 8.5 percent, the lowest rate since February 2009. And the economy added 243,000 jobs, the most since April … read more
Jack Kemp believed in the wonder-working power of entrepreneurial capitalism to make all Americans more prosperous and more capable of achieving their dreams. I cannot imagine Kemp talking about “the poor” the way Mitt Romney did the other day. Recall … read more
The big brains over at Hamilton Place Strategies have produced a new white paper that tries to project the unemployment rate on Election Day in November. Now, the U-3 rate has dropped rather sharply since August, to 8.5 percent from 9.1 percent. … read more
The official, U-3, unemployment rate is 8.5 percent. But that number plays off a shrunken base of potential workers that the Labor Department considers part of the active work force. But what if you started counting as unemployed all those … read more
Pew has put together five charts looking at the long-term unemployed. They’re all pretty incredible/scary, but this one really stands out, I think: And here is some context: The Great Recession and its aftermath saw a significant increase in the … read more
Also of Interest
Bernanke’s much-needed optimism
It’s hardly an encouraging sign of a nation’s economic vitality when its most optimistic policymakers are its central bankers.
The IRS and big government
The expanding Internal Revenue Service scandal could hardly be any more Drudgeriffic.
Ferguson's blooper on Keynes
It was an unusually feisty weekend in corners of the blogosphere and Twitterverse where dwell economists and economic-policy wonks.