chronic unemployment

Krugman: I Wish I'd Been Wrong

It's the strangest thing, to listen to two intelligent progressives talk about the economy without using talking points or jargon, isn't it? Since Krugman has a new book ("End This Depression Now!"), he's out making the rounds on all the talk

Good News/Bad News On New Unemployment Figures

Although it sounds like good news, I'd hold off on the cheering just yet: The American unemployment rate unexpectedly fell to its lowest level in two and a half years in November, despite the many global crises batting against the economy.