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    Chao: High Unemployment Doesn't Have to Be the New Norm

    In an interview Friday on Fox Business Network, former Secretary of Labor Elaine Chao took head on the notion that persistent, high unemployment is the new way of life in America. Chao says it doesn’t have to be that way: This administration is trying to say that there’s a new … More

    Questions and Answers on America's Unemployment

    We asked The Heritage Foundation’s William Beach, Director of the Center for Data Analysis, to answer some questions about America’s economy and unemployment following the Department of Labor’s release of the June 2011 payroll report. Here are his responses: Question: How does this job market recovery compare to past recessions? Answer: … More

    From Hope to Defeatism: White House Changes Message on Economy

    June’s job numbers– 9.2 percent unemployment and the creation of only 18,000 new jobs — has brought a fundamental shift in the White House’s message on the economy. The Heritage Foundation’s Michael Franc sums it up: “Bye-bye, hope and change. Hello, denial and defeatism.” In yesterday’s National Review Online, Franc … More

    In Pictures: June Unemployment and Obama's Failed Stimulus

    Today’s Bureau of Labor Statistics jobs report revealed yet another month of disastrous economic data for the U.S. economy. Heritage’s Rea Hederman, Jr. and James Sherk write in a new report: [T]he June unemployment rate stands at 9.2 percent and that the economy created only 18,000 jobs last month. This is … More

    Morning Bell: An Economy in Panic

    There’s no good way to spin the news that came out of today’s monthly U.S. jobs report. The economy generated only 18,000 total new jobs, the unemployment rate increased to 9.2 percent, and the number of unemployed Americans has gone up by 445,000. In other words, the recovery appears to have slowed markedly. … More

    Morning Bell: The High Price of Obama's Fake Jobs Scheme

    Sometimes magic tricks just aren’t that great, and even the most innocent, wide-eyed child can’t be fooled by the illusionist’s flourish. Such is the case with the rabbit the White House is trying to pull out of its magic hat by claiming that President Barack Obama’s stimulus has created or … More

    Five Questions for President Obama's Twitter Townhall

    The jobless rate in America hovers at 9.1 percent. The national debt ticks upwards of $14.3 trillion and small businesses collapse daily due to costly bureaucratic regulations. The President has failed to offer a viable plan that will put America’s economy back on a path to prosperity. It is in this … More

    High Unemployment Through Distant Future Under Current Recovery Rate

    Today’s Wall Street Journal has some bad news that most Americans are already painfully aware of. President Barack Obama’s recovery is plodding along at a snail’s pace: Two years ago, officials said, the worst recession since the Great Depression ended. The stumbling recovery has also proven to be the worst … More

    VIDEO: Wisconsin Senator Blasts Obama's 'Depressing Display of Economic Ignorance'

    Sen. Ron Johnson (R-WI) spent 31 years in manufacturing before his election to Congress last November. He’s not letting that experience go to waste. Johnson is out with a new video this morning to coincide with President Obama’s visit to Carnegie Mellon University in Pittsburgh to promote manufacturing. He criticizes … More

    How the Debt and Economy Are Reshaping Millennials’ Life Choices

    America’s sluggish economy and mounting debt threaten to change the very fabric of our country as young people delay major life changes. New polling released by the upstart Generation Opportunity reveals the dramatic consequences facing America as the Millennials grow older. A staggering 77 percent of Americans age 18–29 say … More