"Here is an embiggened version of the infamous jobs chart prepared by Obama administration economists Jared Bernstein and Christina Romer back in January 2009 (and now updated again by me with data from the August jobs report)."
The Great Recession: How We Got Here (and How to Get Out)
"There is no more pressing problem right now than unemployment. Everything else pales in comparison. At last count, there were almost 14 million Americans were out of work, representing 9.1% of the labor force. If we include those who are discouraged and otherwise marginally attached or who have taken part-time work when they would prefer full-time, that number is over 15%. It’s hard to imagine that it was just May of 2007 when unemployment stood at only 4.4%. Perhaps the most frustrating thing, however, is that there is absolutely no reason whatsoever that we could not be at that same level right now. The means are easily within our grasp, but those in charge (in both parties) lack the foresight and will."
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