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View Diary: First-time unemployment claims fall to 370,000 (8 comments)

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  •  Still dreadfully high, especially when you (3+ / 0-)
    Recommended by:
    judyms9, winsock, guardianrider

    consider the stagnant new job creation and the persistence of long-term unemployment and underemployment.

    And those numbers barely touch the true misery -- small businesses (no, not the hundred million dollar kind, but the local plumber, HVAC guy, restaurant, etc) that are hanging on, getting deeper on their credit lines or failing to pay vendors.

    There could be a serious ratchet effect if things don't pick up for real, as opposed to in selected numbers.

    LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

    by dinotrac on Thu Dec 06, 2012 at 06:42:36 AM PST

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