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Instapundit
BACK IN 2004, MOVEON MADE A POLITICAL SPOT about how Bush was saddling our kids with too much debt. The folks at RedState have updated it for 2009. Best political parody of the season.
Posted at 2:52 pm by Glenn Reynolds
You are browsing the archive for jobless rate.
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Jobless Rate Tops 8%, Highest in 26 Years
8:00 am in Money, Politics by admin
The broadest gauge of unemployment, which includes part-timers seeking full-time jobs, hit 14.8% last month.
The labor market has historically been a lagging indicator of activity, which means that even if the economy were to recover soon, the jobless level is likely to climb for many more months. With no immediate end in sight to the downturn — output in the current quarter seems on track to fall by 5% or more after a 6.2% decline in the fourth quarter of 2008 — the jobs picture is likely to get bleaker.