Saturday, February 16, 2013

"By Any Measure, the Jobs Disaster Continues"


Editorial by Mortimer Zuckerman published in the Wall Street Journal Feb 16-17 2013 p. A13

[Excerpted] After four years America remains in a jobs depression as great as the great Depression....

More than 48 million Americans are in the food stamp program--an almost incredible record...

The only work that has increased is part-time, and that is because it allows employers to reduce costs through a diminished benefit package or none at all.

The broadest measure of unemployment today is approximately 14.5%....

The read unadjusted figures for January show that nearly 2.8 million jobs disappeared...


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