Charles McMillion

  • Published Behind The Numbers: Workforce Dropouts (Blog entry)
    April 3, 2009 - 12:01pm

    The unemployment rate in March only tells a small part of the story. The other part of the story is who is counted and who is not counted in the unemployment figure.

  • Published Soaring State Job Losses (Blog entry)
    March 12, 2009 - 12:46pm

    This dismal job performance over recent months, the past year and especially over the past EIGHT years is particularly important to appreciate with the current economic decline still worsening.

  • Published Today’s Recession is Already Far Worse than 1982 (Blog entry)
    February 27, 2009 - 12:12pm

    By virtually every economic measure that matters, the current deep recession is already the worst since the 1930s. It’s time for those wealthy debt industry geniuses — and their political and media retainers and cheerleaders — that got the world into this mess to acquire at least enough decency to be quiet while others try to figure out how to recover.

  • Published Is There No Accountability For Amity Shlaes? (Blog entry)
    February 18, 2009 - 1:18pm

    Amity Shlaes is once again flogging her false, ideological claims, this time in a Bloomberg News commentary. Is there no accountability for those such as Shlaes, those who pay her and those who distribute her false and misleading nonsense?

  • Published Economic Meltdown Deepens: Worst Since 1933 (Blog entry)
    February 18, 2009 - 12:47pm

    The Federal Reserve reports today that total industrial production declined over the past eight years for the first eight-year period since the eight years ending in 1938. The Census Bureau also reported today that new starts and new permits to build homes both plunged to the worst levels on records that start in 1959. That's on top of the worst eight-year decline in key employment measures since early in the Depression.

  • Published The "FDR Failed" Myth (Blog entry)
    February 3, 2009 - 12:33pm

    Contrary to the anti-government myths and ideology-driven arguments of conservatives like Amity Shlaes, the facts show FDR’s New Deal quickly brought rapid growth to the nation's economy during the Great Depression.

  • Published Going Down Fast (Blog entry)
    October 16, 2008 - 11:54am

    Four important economic reports today show the real economic downturn is worsening very rapidly. This is why strong, informed leadership matters.

  • Published Today's Jobs Report: We're Poorly Prepared For the Storm Ahead (Blog entry)
    October 3, 2008 - 12:36pm

    Today’s Bureau of Labor Statistics jobs report shows jobs losses worsened sharply in September. Hours worked fell even more sharply than jobs suggest losses in October could be quite severe. Because the number of paid hours worked per week was reduced sharply in September, weekly wages also fell even before adjusting for inflation. This is an ominous sign for households that already face unprecedented financial pressures with little or no current savings.

  • Commented offbase? in a discussion on Ten Things You Should Know About China (Blog entry) | August 14, 2008 - 1:33pm
  • Published Ten Things You Should Know About China (Blog entry)
    August 11, 2008 - 11:24am

    If global economics were an Olympic sport, here are key reasons why China would be winning gold medals, while the United States would be an also-ran. This list helps make the case for a new American industrial policy.