How to Get the US Back to Full Employment in 30 Days
By Bill Bonner
We’re in the airport, on our way back to Washington. Below we’ll tell you more about one family’s economy But first, let’s look at the whole world’s economy…
Nothing much happened in the markets yesterday anyway.
“Why jobs aren’t part of US revival,” asks a New York Times headline.
The US now has a higher unemployment rate than Russia… or Britain or Germany… or Japan. When it comes to joblessness, the US is a world leader.
But why? Economists can’t figure it out. Harvard economist Lawrence Katz says it’s “genuinely puzzling.”
After admitting that he has no idea why there are so many people without jobs, columnist David Leonhardt goes on to tell us that “fixing the job market will take years.”