In my last few posts, I’ve discussed the job creation efforts of the Obama Administration, which have had abysmal results.
There are a lot of voices coming to the same conclusion. An editorial in today’s NY Times chimed in about not only “underemployment”, which takes the 10.2% unemployment figures to 17.5% … but about long term unemployment, which takes into account the share of the unemployed population out of work for more than six months. That number continues to set records and reached 35.6%. Here are a few other painful statistics:
Result. The economy comes up short by more than 10 million jobs! Read an unvarnished opinion from Chief Executive magazine, to find a no holds barred indictment of the government’s efforts to date.
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Read my latest column from the NY Times affiliate, the North Bay Business Journal.
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