Saturday, January 7, 2012

8.5% is still really high

a drop in unemployment is fine, just fine, but that is still really, really high for the bullshit 'official' unemployment rate.  the u6 is horrifyingly high and the long-term, off-the-rolls folks (the 99ers) are all kinds of fucked, meaning that far too many people are barely hanging on a week at at time for the fundamental economy to be as robust as the nation needs for long-term stability.

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