News
CNN | Jobless rate is worse than you think
On Labor Day, we celebrate the American worker. And more than four years since the Great Recession ended in June 2009, the unemployment rate is 7.4%, a big improvement from the high of 10% in the fall of 2009. Unfortunately, the rate is hugely misleading: Most of that improvement was for all the wrong reasons.
Econ Comments & Analysis
WSJ | Bad Ethanol Policy Is a Job Killer
The good news is that each gallon of gasoline now includes a 10% ethanol blend. The bad news is that despite technological limits and a lack of consumer demand for greater concentrations of ethanol, the EPA is now mandating that refiners use more than a 10% ethanol blend. That's something refiners simply cannot do.
WSJ | Long-Term Jobless Left Out of the Recovery
More than four years after the recession officially ended, 11.5 million Americans are unemployed, many of them for years. Millions more have abandoned their job searches, hiding from the economic storm in school or turning to government programs for support.
Blogs
WSJ | What’s the Difference Between Jobless and Unemployed?
Time is running out for the long-term jobless, the Wall Street Journal reported this morning. Note the term “jobless” rather than “unemployed”: It’s an important distinction, with major implications for both short-term economic policy and the U.S.’s long-term growth prospects.
