I’ve been talking about this for a while now, and it’s encouraging to see some dead trees taking up the story.
Basically, the unemployment figures that get reported are known as U3, which are simply the number of people who are applying for unemployment insurance.
And that’s not a good gauge because a lot of people’s benefits are running out and/or they simply stop looking for work because they’re discouraged.
More at True/Slant.
Obama meets with GOP, says can spur job growth (AP)
AP - Appealing for bipartisanship in a town where it's hard to find, President Barack Obama sat down with Democrats and Republicans Tuesday to spur cooperation on job creation, deficit...
Toyota recalls 437,000 Priuses, hybrids globally (AP)
AP - Toyota says it is recalling about 437,000 Prius and other hybrid vehicles worldwide to fix brake problems — the latest in a string of embarrassing safety lapses at the world's...
Iran moves closer to nuke warhead capacity (AP)
AP - Iran pressed ahead Monday with plans that will increase its ability to make nuclear weapons as it formally informed the U.N. nuclear agency of its intention to enrich uranium to higher...
Rep. John Murtha, Iraq war critic, dies at 77 (AP)
AP - Rep. John Murtha, a retired Marine Corps officer who became the first Vietnam War combat veteran elected to Congress and later an outspoken and influential critic of the Iraq War, died...
Report: Toyota plans to recall 300,000 Priuses (AP)
AP - Toyota plans to recall about 300,000 Prius hybrids worldwide over a brake problem and will notify the U.S. and Japanese governments Tuesday, a news report said, as a top executive will...
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