When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Thursday, September 11, 2014

The Job Situation Is Bad, Even New York Times No Longer In Denial

You know it is bad when the New York Times finally seems to "get it" despite their history of just spinning the Obama PR--

Job Growth Is Sluggish, Raising Fear of Malaise - NYTimes.com: "Missing: nearly three million American workers. This isn’t the latest dystopian science fiction story or the pitch for a Hollywood thriller. It is the economic trend that has alarmed experts and policy makers alike. A growing number of people — many in their prime working years — have simply given up on landing a job. On Friday, the Labor Department reported that the overall unemployment rate dropped slightly to 6.1 percent in August. But that improvement was mostly a result of Americans dropping out of the labor force, not of their finding work. The situation helps explain why so many ordinary Americans remain doubtful about the recovery, now in its fifth year..."

The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects