Monday, October 12, 2009

Deep hole: The US unemployment rate is now 17% !

If you add in people who have stopped looking for work, or who are working part time when they want a full-time job, the unemployment rate is a whopping 17 percent, according to the Labor Department.
Rob Shapiro, an economist who was a top official in President Bill Clinton's Commerce Department, sees "substantial, continued job losses" for some time if the government doesn't take more aggressive steps to foster job growth.

BAD HARDWARE: Nobel price for working peace seems quite adequate.

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