Earlier this week, the state reported that November unemployment rose to 6.2 percent even though an average of 7,200 jobs have been created this year. The reason given: More people are re-entering the improving labor market.
There’s metro Seattle and there’s the rest of the state. Here a booming economy has driven unemployment down to 4.7 percent. But the statewide rate last month was above the national number of 5.8 percent. Washington’s job creation is relatively weak compared with this point in previous recoveries.
Please take this unscientific survey and let’s see if we can dig deeper into this issue:
This Week’s Links:
• Insider traders are hosing us all | Robert Reich
• Fed delays Volcker rule, giving Wall Street another holiday gift | Huffington Post
• What happened when Marissa Mayer tried to be Steve Jobs | NY Times Magazine
Today’s Econ Haiku:
Another big fine
Memo warned Morgan of risk
No pen pals in jail
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