RTAmerica on Mar 9, 2012
On Friday, the US Labor Department released the jobs report numbers for the month of February. According to the report, 227,000 jobs were created but the unemployment rate remains at 8.3 percent. Many call these tough economic times a time of recovery, but how long will the US take to climb out of its terrible deficit? Michael Hudson, economics professor for the University of Missouri, breaks down the numbers for us.
Michael Hudson: Consumer debt climbs along with jobs numbers
Michael Hudson is a former Wall Street economist. A Distinguished Research Professor at University of Missouri, Kansas City (UMKC), he is the author of many books, including Super Imperialism: The Economic Strategy of American Empire (new ed., Pluto Press, 2002) and Trade, Development and Foreign Debt: A History of Theories of Polarization v. Convergence in the World Economy. He can be reached via his website, firstname.lastname@example.org.