The unemployment rate for May was released this week – 9.4%. Pretty miserable but fortunately not as high as the10.8% we hit in the recession of 1982, right? Well, actually no. Dig a little deeper and a more negative picture emerges.
The reason is that 9.4% reflects the core unemployment rate defined as [...]
What? 2009 a long year? But we’re only a third of the way through! It’s just that even though only few months have gone by, all the miserable employment news has made it feel like a decade to me. I mean could the numbers get any worse? Well, as we struggle to get our economy [...]