Unemployment Armageddon

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According to the minutes of the latest Fed meeting, their staff economists believe that weaker than expected economic growth will result in “the projected path of the unemployment rate rising more steeply into early next year before flattening out at a high level over the rest of the year.”  An artist’s conception of unemployment growing steeply all the way through the first quarter of 2010 is shown below.  I sure hope the Fed economists are just kidding about this.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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