Share this story
Close X
Switch to Desktop Site

The 'Great Unemployment Mystery' continues

(Read article summary)
View video

Tony Dejak / AP

(Read caption) In this May 25, 2011 photo, Glynis Davies, left, from Hartman Personal Services, talks with job seekers Christine Marciante and Maxine Janke, right, at the Jobapalooza job fair at Lake Erie College, in Painesville, Ohio. Fewer people sought unemployment benefits last week, though applications remain stuck at high levels that signal weak job growth.

View photo

The ADP report on unemployment looks terrible: private sector hiring mostly stagnant overall. Here is the detailed report that paints many pretty pictures of what a double dip looks like.

Media reports will again speak of unemployment as if it were some kind of ghostly vapor that mysteriously sinks upon an economy, the same way that people used to think about the plague and then seek to cure it with spells, canon blasts, or bleeding. Unemployment at this stage in the cycle has clear roots in the hampering of free enterprise: regulatory burdens on business, antitrust interventions, mandated benefits, the push to mandate health care coverage, high taxes, labor market interventions like minimum wages and child-labor laws, unstable investment environment, as well as overall regime uncertainty. See Out of Work.

About these ads

Add/view comments on this post.


The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link above.