Weekend Economists Chart the Bradbury Chronicles, June 8-10,2012

[Demeter]

61. Whatever Happened to Natchez? How to End the Nightmare of Jobless America

THIS IS YVES COMMENTARY ON A ARTICLE I POSTED EARLIER...SEE LINK FOR THE ARTICLE

http://www.nakedcapitalism.com/2012/06/whatever-happened-to-natchez-how-to-end-the-nightmare-of-jobless-america.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+NakedCapitalism+%28naked+capitalism%29

Yves here. It is frustrating to watch the refusal of the officialdom to deal with a persistent, high level of unemployment. Ronald Reagan was more concerned and more aggressive when unemployment breached 8%. By contrast, pundits provide excuses for the Administration’s passivity by blaming joblessness on structural unemployment, when various studies have debunked that (one simple proof: if unemployment were structural, you’d expect to see tight job markets in some sectors/job types and slack in others, but when you cut the data, you find high unemployment across the board).

This article helps to puncture some of the misperceptions about unemployment in America and provides some practical ideas....