Mystery for White House: Where Did the Jobs Go?
Date: 2010-07-19T06:57:31.597
Author: John Harwood
Editor note: Welcome as it is, progress toward finally capping the gulf oil leak hasn’t resolved the biggest conundrum facing President Obama before the midterm elections.
That conundrum, which reclaims center stage in Washington this week, is this: Why is unemployment so high?
The whodunit has flummoxed economists in both parties for a year. In 2009, as the new Obama administration grappled with the financial crisis, joblessness rose nearly two points beyond customary recession forecasts.
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View original artilce: http://thecaucus.blogs.nytimes.com/2010/07/19/mystery-for-white-house-where-did-the-jobs-go/?ref=politics
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