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Opinion: One Cheer for the Unemployment Number

The sharp drop in the unemployment rate to 9 percent should be treated as good news. Any drop, after all, is welcome. But just how good this news is depends entirely on how low your expectations are for this economic recovery. After all, the unemployment rate has been at or above 9 percent for 21 months now -- a grim...

Obama: Helping the Unemployed Will Help the Economy

(Dec. 2) -- Helping long-term unemployed Americans stay afloat isn't just a good idea, it's an economic necessity. That's the argument the White House is making in a fight to get Republican support for an extension of unemployment insurance for people who have been unable to find work for half a year or longer. Federal...

Opinion: White House Exits Normal? Not By a Long Shot

(Oct. 13) -- It has become a mantra in the news media these days to include in every story about the departure of another high-level Obama White House official the cautionary declaration that "it is normal for appointees to leave after a president's first two years." The unspoken message here is that this is not a case of...

95,000 Jobs Lost in September: How Many Is That, Really?

(Oct. 8) -- For the past two years, talk about the economy has basically come to center around one critical indicator: job creation. Specifically, the fact that in this post-recession, achingly slow recovery period, new hiring hasn't been anywhere close to the rate required to get us back to pre-recession levels anytime...

Meet Austan Goolsbee, Obama's Hilarious New Economic Chair

(Sept. 10) -- Austan Goolsbee, President Barack Obama's pick to replace Council of Economic Advisers Chairwoman Christina Romer, was once described by Washington Post columnist George F. Will as "a masochist with a sense of humor." The description is apt for one of Washington, D.C.'s most colorful personalities, the man...

Background on council of economic advisers

The Council of Economic Advisers (CEA) is an agency within the Executive Office of the President that advises the President of the United States on economic policy.

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