Jobless recovery, in case you were wondering, is a tidy euphemism for “the rich are fine now, but you sure as hell aren’t”:
From the Wall Street Journal:
The jobless rate was flat or declined in 27 states [in September]. Michigan still has the highest unemployment rate by far at 15.3%, as the state continues to suffer along with American auto manufacturers. Housing bubble hot zones Nevada, California and Florida still have rates over 10%, though California’s rate dropped a bit from August. North and South Dakota have the lowest jobless rates. Fifteen states and the District of Columbia have unemployment rates higher than the national average of 9.8%.
See Also: Parsing Unemployment, The Unplanned Stimulus, California: Fading Lodestar, Weekly Unemployment Claims Increase, States Report Widespread Job Losses in September, Two Nations, “The Growing Case for a Jobless Recovery”, A New Civil Rights Movement is Afoot for the Middle Class, Unemployment: Great Depression vs Great Recession, and the growing case for a jobless recovery.
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