Unemployment at 6.7% — and that’s a lagging indicator

… And the leading indicators aren’t looking any better. The latest jobless numbers are out this morning, with a 6.7 percent rise in unemployment and a loss of 533,000 jobs in November. That’s the 11th consecutive monthly decline.

“They have to bang some heads together and say this is what’s going on ? these are the systemic problems we’ve been having. There has to be some kind of grand bargain here.” –Daniel Gross on economic solutions