Friday, December 2, 2011

Don't celebrate those new job numbers too much.

However, at this pace of job growth, it will be more than two decades before we get back down to the pre-recession unemployment rate. Moreover, a shrinking labor force is not the way we want to see unemployment drop.  At this rate of growth we are looking at a long, long schlep before our sick labor market recovers.

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Stubborn desperation

Oh man, this describes my post-2008 journalism career: If I have stubbornly proceeded in the face of discouragement, that is not from confid...