All Commentary
Friday, December 3, 2010

Unemployment Jumps to 9.8 Percent


“Employers added fewer jobs than forecast in November and the unemployment rate unexpectedly increased…. The jobless rate rose to 9.8 percent, the highest since April, while hours worked and earnings stagnated.” (Bloomberg)

Hello, Washington? Is anybody there? Do you see the mess you’ve made?

FEE Timely Classic
“Inflation and Unemployment” by Hans F. Sennholz