Largest Cuts in Local Jobs in 30 Years
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Though unemployment held steady at 9.6 percent, the economy shed 95,000 jobs. At the local level, almost 50,000 jobs were lost in education alone. All in all, the September data showed no evidence that unemployment is structural rather than due to a lack of demand. For more, see CEPR's Jobs Byte.
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"Three Quarters-Empty" or "Three-Quarters Full"
CEPR economist John Schmitt recently reviewed Stephen Rose's Rebound: Why America Will Emerge Stronger from the Financial Crisis in the magazine Challenge. Schmitt cites a wealth of evidence contradicting Rose's claim that the U.S. economy has done a good job delivering the benefits of economic growth to the middle class. |
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CEPR in the News |
What You Need to Know About Flawed Foreclosures Newsweek, October 14, 2010
'Excluded' Countries Should Stand up to IMF, Says Economist The Hurriyet Daily News, October 13, 2010
Political Impasse Prolongs Grim Forecast For Job Creation GRITtv, October 13, 2010
2 Americans Among Trio Awarded Economics Nobel NPR, October 11, 2010
Older Workers Waiting Longer To Retire CBS News, October 09, 2010
'South of the Border' Idealizes South American Presidents The Pittsburgh Post-Gazette, October 08, 2010
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