Again, one in ten Americans is unemployed. The rate has been higher longer than any time since the Great Depression. One in six is jobless or wants full-time work and can’t find it. There are five unemployed people for every one job opening. But nobody’s doing anything about it—corporations are sitting on their trillions, stimulus money is running out, and politicians are talking about slashing spending and raising taxes to cut the deficit.

And if you think the economy’s going to pick up a head of steam anytime soon, my guess is you haven’t been out there looking for work.


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Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at rc2538@columbia.edu. Follow him on Twitter at @ryanchittum.