While the U.S. unemployment rate in April was the lowest it's been in more than three years, the unemployed may simply be falling off the government's radar as they give up looking for work. Meanwhile, job growth has slowed sharply after a fast start to the year, suggesting another bump in what has been an agonizingly long road to recovery for the job market. BLOG POSTS | Robert Reich: The Stall Has Arrived The latest jobs report is bad news for millions of Americans, and it's bad news for Obama and the Democrats. No set of policies between now and Election Day are likely to boost the economy. | | Richard (RJ) Eskow: Geithner's World: Three Years of Immunity Here's a walk down memory lane that's worth taking: Three years ago Tim Geithner was in the position of having to explain why the Federal government wasn't going to nationalize the nation's failing banks. In 2009 many people expected that to be part of the government's bank rescue plan. | | Jared Bernstein: April Jobs Report, First Impressions (Update) This just in: austerity doesn't work! It doesn't work here, it doesn't work in Europe, it doesn't work for state and local governments. I'm tempted to ask how many data points we need to recognize this crucial economic truth, but I'm afraid data points don't have much to do with it. After last month's disappointing report, I was careful to point out that "one month does not a trend make" and there are some technical reasons -- mostly seasonal adjustments that haven't caught up with unusually warm weather -- to consider as well. Well, two months doesn't quite a trend make either, but it's getting closer. | | Anna Cuevas: Fannie Mae's Approval of Mortgage Principal Reductions Gets the Silent Treatment Edward DeMarco, Acting Director of the FHFA, indicated that additional analysis would have to be performed to determine the long-term benefits of principal reductions. | | Sarah Anderson: Wall Street's Speed Demons: A 10-Point Primer Who are "high-frequency traders"? And what sort of games are they playing with our economic future? Here are 10 things you should know. | | MOST POPULAR ON HUFFINGTONPOST.COM |
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