Brad DeLong sums up in two words: "Recession city". U6 is a very broad gauge of unemployment, but even so, any unemployment figure which is above 10% and rising has to be very worrisome indeed.
Brad DeLong sums up in two words: "Recession city". U6 is a very broad gauge of unemployment, but even so, any unemployment figure which is above 10% and rising has to be very worrisome indeed.