Europe’s Youth Employment Is Bad, But Not As Bad As We’re Told

spain euro

ardly a day goes by without a new headline screaming about the scandal of youth unemployment, which has been pinned at the outrageous levels of 50 percent in Spain and Greece and above 20 percent in the eurozone. There’s just one problem – those numbers are derived from a flawed methodology, which misrepresents the true [...]

The Jobs Emergency

camp foreclosure

Robert Reich: We need a response proportional to the crisis. Obama, Pelosi, and Reed should summon Congress back to Washington for action on the jobs emergency.

Revitalized Manufacturing Base Will Stabilize U.S. Economy

Manufacturing job

Tracy Emblem: The public should ask both government and corporate America this question: Should corporate America focus only on making profit any possible way using the cheapest possible avenues to produce products and services they sell in America or should corporate America ask itself how do we create good paying jobs for Americans?

Is Economic Growth a Delusion?

banks

Unemployment reached 8.5% in March of this year, but add in the once full-time, now part-time laborers, it may be as high as 15%. Yet my fellow rail commuters somewhere between New Haven and Grand Central Terminal think they smell recovery. As one salesman put it to me, “things will come back–even better than they [...]

His First One Hundred Days

A new ABC poll just out indicates that President Obama enjoys a 69% approval rating. George Stephanopoulos of ABC’s This Week says Obama has sparked a surge of optimism, with 50% of Americans now believing we are headed in the right direction compared to just 19% as recently as January 16th. But the economy continues [...]

Shall We Call It a Depression Now?

economy

by Robert Reich – Friday’s employment report, showing that employers cut 533,000 jobs in November, 320,000 in October, and 403,000 in September — for a total of over 1.2 million over the last three months — begs the question of whether the meltdown we’re experiencing should be called a Depression.