JOBS REPORT BADLY MISSES ESTIMATE WITH 38,000, Unemployment rate at 4.7%.
++But with re-calculation of past jobs report, the unemployment rate is now at 4.7%. That is about as close to full employment as you can get. ++The U6 rate is at 9.7 %.
Bruce McColm was the former executive director of Freedom House, a human rights group in New York,the President of the International Republican Institute and currently is the President of the Institute for Democratic Strategies. In the pre-digital age, his writings appeared in the Washington Post, the Wall Street Journal, the Christian Science Monitor, Newsweek and other magazines and journals. This blog is intended to re-create for him the early days when he was a free-lance writer expecting to cover subjects ranging from politics to art.
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