Sunday, March 07, 2004

Jobless and hopeless

The number of long-term unemployed is at a twenty-year high, which explains why the unemployment figure of 5.6% remains constant even though workers are entering the labor force at the rate of 150,000 per month while only 21,000 new jobs were created last month. The longer-term unemployed are simply giving up on finding jobs and hence are lost to the number-crunchers. Meanwhile, the Republican Congress has denied to these masses of workers an extension of their unemployment benefits.
Remember those Republicans? Those compassionate conservatives?

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