|  Union of Unemployed Just another Unionofunemployed.com weblog - In Just Ten Months
Dear UCubed Leader: President Barack Obama is “likeable enough.” But is that the measure of any presidency? I think not. Presidents are judged by what they did to address the crisis the country faced during their term of office. The classic contrasts are between Presidents James Buchanan and Abraham Lincoln and Presidents Herbert Hoover and [...]
- Summary of US Real Unemployment – January 2012
As we note each month, the economy, in order simply to keep up with the nation’s natural population increase, must add around 150,000 new jobs each month (and evidence at least 3.0% annual GDP growth). Yet with real unemployment remaining at nearly an unprecedented level, an additional or further 150,000 to 200,000 new jobs are [...]
- The Missing Page in the State of the Union
There’s an infamous anecdote about President Bill Clinton’s 1993 State of the Union. While delivering the address to Congress, a young White House staffer accidently loaded an older version of the speech into President Clinton’s teleprompter. Recognizing that he was seeing an older draft, Clinton went on an improvised, seven-minute riff that covered the miscue [...]
- Still losing the war on unemployment
By Mohamed A. El-Erian, Published: February 3 Mohamed A. El-Erian is chief executive and co-chief investment officer of the investment management firm Pimco and author of “When Markets Collide.” The first Friday of every month, you will find me among those eagerly waiting for the release of the latest government data on jobs. Such eagerness, however, [...]
- What a Hangover
Let’s cheer the fact that 243,000 Americans went back to work last month. But let us not forget that 1.57 million Americans dropped out of the labor force last month. And that’s why the unemployment rate dipped to 8.3 percent. Since its start, UCubed has been consistent in how we count the jobless. Unemployed, plus [...]
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