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$787 billion stimulus plan a debacle… economy is worse than you think
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Tuesday, July 14, 2009
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By Daily Crux Editor Brian Hunt:

A little "brown shoot" reading with your coffee this morning: A close analysis of unemployment numbers shows things are worse than the stated 9.5% unemployment rate.

Unemployment is higher than the government claims for a host of reasons: Many people aren't looking for jobs anymore… more people are taking part-time jobs… and more people are taking unpaid leave. These numbers aren't included in government data.

This article details what's going on with unemployment right now… and why we're in for a long economic slog.

Read full article...

More on the economy:

Club for Growth: 14% unemployment looms

Nassim "Black Swan" Taleb: We're in the middle of a crash

The legendary Richard Russell: Dividend environment worst over 40 years

Topics: Government_Stupidity | Boondoggle
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