Unemployment Numbers are Still Awful

Paul Krugman wonders why people are getting excited about the unemployment numbers:

It was truly amazing the way last week’s employment report was hailed

by many people as a sign that our troubles are over. Here we are,

having suffered huge job losses, and needing to make up the lost ground

— and a report showing that we’re still losing jobs, but not as fast,

is grounds for celebration?

Ben Cohen is the editor and founder of The Daily Banter. He lives in Washington DC where he does podcasts, teaches Martial Arts, and tries to be a good father. He would be extremely disturbed if you took him too seriously.