Analysis and commentary on economic news, trends and issues, with an emphasis on Seattle and the Northwest.
April 6, 2012 at 10:14 AM
Vote: The state of unemployment
Today’s report on March employment, showing that the economy added just 120,000 jobs, shows the fragile nature of the recovery. The latest number is less than half the average rate of 246,000 jobs added the previous three months.
Economist Heidi Shierholz of the Economic Policy Institute said the unemployment rate falling one-tenth of a percent to 8.2 percent is “largely due to people dropping out of the labor force, not an increase in the share of the working-age population with jobs.” In addition, 120,000 barely keeps pace with the natural growth of the labor force. One huge drag continues to be public-sector job losses. In addition, the jobs created are increasingly low wage.
Where do you think we’re headed in the months to come? (You make make multiple answers)
The job market…
Read on for the best links of the week and the haiku:
This Week’s Links:
Net worthless: People as corporations || Zero Hedge
Is there a fiscal crisis in the United States? || Simon Johnson/NYT Economix
Reining in health costs is key to deficit control || CEPR
The fable of the century || Robert Reich
We’re all suckers when governments bet on casinos || Globe & Mail
Hardware stores are better gentrification indicators than coffee shops || Washington CityPaper
America’s romance with sprawl may be over || USA Today
Are U.S. multinationals abandoning America || Project Syndicate
The incredible shrinking U.S. government || The Atlantic
Think middle-income Americans are overtaxed? Think again || CBPP
The view from Britain: “Amazon’s dangerous” || The Guardian
How investing turns nice people into psychopaths || The Atlantic
Today’s Econ Haiku:
All together now
“Happy days are here a”-oops
Just got a pink slip
| More in Jobs/Unemployment
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