Saturday, December 3, 2011

Truth on employment

The drop in official unemployment is not good news. It only looks like good news. Labor force participation is horrible.

I would guess that the picture for would-be workers between 55 and 67 (the most recent full Social Security retirement age) is even worse.

According to Republicans, all this despair is the fault of the despairing. According to Democrats, there's not much more they can do.

The Occupiers are right.

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