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talkingpointsmemo.com - 12/7/2008
Worse Than It Looks
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Kevin Philips has written persuasively about how the official unemployment rate understates the actual jobless numbers, and you get a glimpse of that in some of the employment numbers that came out today. From the NYT : A mass departure from the labor force helped to hold down the ...
msnbc.msn.com - 12/7/2008
Obama warns economy to get worse
— msnbc.msn.com — The economy will get significantly worse before it starts to improve, President-elect Barack Obama said, seeking in an interview broadcast Sunday on NBC’s “Meet the Press” to tamp down expectations as he prepares to assume the presidency in 44 days. (more) Obama warns economy to get worse

Comments vote down TPM Election Central found this 12/7/2008found this
apnews.myway.com - 12/7/2008
My Way News - Obama: Economy to get worse before it improves
— apnews.myway.com — My Way News - Obama: Economy to get worse before it improves (more) My Way News - Obama: Economy to get worse before it improves

Comments vote down Basil's Blog found this 12/7/2008found this
wizbangblog.com - 12/1/2008
Worse Than You Think - Part 1
— wizbangblog.com — Congress surprised me a little while back, when they decided not to bail out the 'Big 3' automakers, who were hoping for just about fifty billion tax dollars (25 billion... (more) Worse Than You Think - Part 1
Comments vote down Maggie's Farm found this 12/1/2008found this

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The Daily Dish | By Andrew Sullivan:  Is It A Depression Yet?

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Blog Reactions

Is It A Depression Yet?
The Daily Dish | By Andrew Sullivan — By Patrick Appel The unemployment rate hit 6.7 percent yesterday and the underemployment rate his 12.5 percent.  What does it mean?: It's yet another sign that this recession is a much bigger deal than the last two, in 2001 and 1990-91. But in percentage terms (it was a 0.39% drop) there were bigger one month falls in employment in 1980 and, repeatedly, in 1974 and 1975. There were also sharper drops in almost every year of the 1950s, but those were mostly the result of temporary layoffs that were reversed a few months ...

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