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Unemployment rate would be higher, but for people having given up...

Bill McBride of the Calculated Risk blog explains why the participation rate — the percentage of Americans either working or actively seeking a job — is crucial in determining how far and how fast the unemployment rate drops.

Organized online, jobless Americans eye midterm elections

Sometime this spring, Republicans turned against unemployment. In Nevada, Sharron Angle (R), the candidate facing incumbent Sen. Harry Reid (D), told local reporters, “You can make more money on unemployment than you can going down and getting one of those jobs that is an honest job.” (Untrue.) Angle also called the unemployed “spoiled.”

Stimulus saved an estimated 2.2 million jobs, report finds

The White House Council of Economic Advisers have released their latest quarterly report on the stimulus and estimated that the American Recovery and Reinvestment...