Monday, June 6, 2011

Long-term unemployment now worse than Great Depression-CBS News

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6/5/11, "Chronic unemployment worse than Great Depression," CBS News, Ben Tracy

"About 6.2 million Americans, 45.1 percent of all unemployed workers in this country, have been jobless for more than six months -
  • a higher percentage than during the Great Depression."...

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Radio and tv pundits will say over and over how if only employers weren't so "cautious" this problem would go away. And if only consumers weren't so "cautious" the housing market would come back. Many who say these things actually believe them. ed.


via Drudge Report

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