Still Unemployed, It's the Economy Stupid!

As I said in February 2009, tax cuts are not the answer, and again in October 2010, this downturn won't be over 'til the fat lady gets a job.

And "the primary cause of the increase in duration [of unemployment] is not extended unemployment benefits or changes in demographics, but weak aggregate demand." Read Calculated Risk, Weak labor demand explains increase in unemployment duration, which references the Federal Reserve Bank San Francisco Economic Letter, Why Is Unemployment Duration So Long?