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January 9, 2009

Unemployment at 7.2%

The percent of Americans unemployed increased for the 12th consecutive month, with more jobs lost in the year than in any year since 1945, or adjusted for population growth since 1982.  The NY Times story is: Louise Uchitelle, "Unemployment Hits 7.2%, 16-Year High," Jan. 9, 2009 (associated good graphic here).  The Bureau of Labor Statistics' chart is here, and the Labor Department's press release is here.  The Center for American Progress' coverage is here.   Not surprisingly, the Heritage Foundation's desired version of a stimulus package is tax cut centered

Somewhat related stories/op-eds:

  • Paul Krugman, "The Obama Gap," New York Times, Jan. 8, 2009 (criticizing Obama's economic plans as not going far enough).
  • Transcript of Obama's speech on the economy, Jan. 8, 2009.
  • Paul Krugman, "Bigger Than Bush," New York Times, Jan. 1, 2009 (highlighting the conservative philosophies that led to where we are politically).
  • Jeff Madrick, "Beyond Rubinomics," The Nation, Dec. 23, 2008 (arguing there is a need for a new, progressive, social contract). 

January 9, 2009 in Current Affairs | Permalink

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