New Employment Figures in the Shadow of a Fragile Economy


The Real News Network has the interview and transcript New Employment Figures in the Shadow of a Fragile Economy.  Here is the YouTube video introduction text.

Economist Richard Wolff explains how the holiday season places folks in temporary, low-paid jobs that keep the economy in a fragile state.

Here is the key starting point for the discussion:

WOLFF: Well, I would always begin by saying it’s good news if there are more people working this month than last month, given the unemployment that has dogged this economy now for pretty much seven years and counting. But I would caution anyone to draw anything like the hyped conclusions coming out of the White House and the Department of Labor.


Intuitively, I have been blogging about the recent economic euphoria in the vein of this interview. Here we have an expert economist putting the meat on the bones of the skeleton of my intuition.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.