Calculated Risk posted their weekly summary and a look ahead for next week with two troubling charts.
First, the percent of jobs lost - not unemployment rate - is hovering around 5.2%, making it the worst of any recession since figures were recorded in 1948. That is to say, that this recession has had the most dramatic effect on our work force.
Second, and perhaps more troubling, is the statistic of workers unemployed for more than 26 weeks. Currently, the percentage of unemployed for this long is at a record 4.0% with 6.13 million workers. The early 1980s recession was the next highest, with 2.5% unemployed for more than 26 weeks.
The recession has not only hit hard, but it has been sustained. Unemployment levels can flatten, but until we see those out of work for a long period of time finding work, the economy has a long way to go.














No, I'm not agreeing with Noam Chomsky...for those of you who even know who Chomsky is.
Sure, you thought that things were looking better - undefeated and in the top 25, with players finally buying in to Rich Rodriguez's philosophies and putting past controversies behind them.
Milton Friedman explains the intricacies of Socialism vs Capitalism, and why the latter is better, all while making Phil Donahue look like a fool in the process.
In what I can only describe as a warning to buyers of all consumer electronics, just because the item you purchase is sealed does not mean that it has never been tampered with and returned.
In spite of all the proof, Keith Olbermann refuses to accept the truth. Olbermann keeps going off about how wonderful his show is while lambasting the also partisan Fox News. In his latest tirade, Olbermann claims to have the highest rated cable news program - period.
The White House has run in to a catch-22. By creating the email address listed in the picture, they are asking for reports on dis-information by citizens regarding health care.
