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Unemployment over 11%?
Unemployment over 11%?
NZI has suggested that unemployment may go over 11% . Now although it sounds like this estimate is no more than random conjecture (the countries in the Rogoff study are not comparable to the New Zealand case), it is still worth putting what this means in some historical context. Source ( ...
James Surowiecki: Wages, productivity, and the unemployment crisis.
newyorker.com — This is the Age of the Incredible Shrinking Everything. Home prices, the stock market, G.D.P., corporate profits,... employment: they’re all a fraction of what they once were. Yet amid this carnage there is one thing that, surprisingly, has ... (more) James Surowiecki: Wages, productivity, and the ...
California unemployment rate reaches 10.1% - Los Angeles Times
California unemployment rate reaches 10.1% - Los Angeles Times
latimes.com — Job losses in January escalated across all industries -- including, notably, motion picture and sound recording --... with the state's unemployment rate jumping 1.4 percentage points from a revised 8.7% for December. Unfortunately, California still is ... (more) California unemployment rate reaches 10.1% - Los Angeles ...
How Bad Will it Get?
How Bad Will it Get?
economistsview.typepad.com — It's not looking good. Many people have been trying to make the case that the current downturn... is no worse than the downturns in the 1970s and 1980s, but there's reason to think this downturn is following a different, more worrisome trajectory:  ... (more) How Bad Will it Get?
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