Don't Get Excited, Crisis Isn't Over: Krugman

But most remain upbeat about their future: Pew survey

(NEWSER) - The economy is doing a number on those aged 18 to 34, according to a new survey from the Pew Research Center :

• Half say they have taken a job they didn't want.
• More than a third have gone back to school because of the job market.
• Nearly a quarter have taken unpaid work to gain experience.
• About a quarter have moved back in with the folks.
• More than 1 in 5 have postponed having a baby, and about the same number have put off getting married.

Thanks to improving housing market, private debt: Paul Krugman

(NEWSER) - The economy has had its share of false starts over the past few years, but this time things could really be improving, opines Paul Krugman. "There’s evidence that the two great problems at the root of our slump—the housing bust and excessive private debt—are finally easing," he notes in the New York Times . House prices have returned to where they were in 2003, in the middle of the bubble. And right now, the country is looking "seriously underprovided" on the housing front. More»

And the media won't stop him: Krugman

(NEWSER) - Mitt Romney doesn't seem to set great store by the truth: Lately, he's been ascribing views to President Obama that are pure fabrication, notes Paul Krugman in the New York Times . Just this week, the former governor implied that Obama sought a society in which "everyone receives the same or similar rewards, regardless of education, effort, and willingness to take risk." Later, he said Obama would "put free enterprise on trial." Actually, Obama hasn't suggested anything of the kind. "Welcome to post-truth politics," writes Krugman. More»

His policies have failed, so he's blaming the rich: Charles Krauthammer

(NEWSER) - President Obama's big speech in Kansas this week makes clear that he's going to resort to class warfare to try to win re-election, writes Charles Krauthammer in the Washington Post . With the economy in shambles, Obama is sticking to his simplistic stick-it-to-the-rich theme ("the breathtaking greed of a few," etc.), happily ignoring the fact that his own policies created much of the problem, argues Krauthammer. More»

Forecast sees it at 8.6% at end of 2012

(NEWSER) - If President Obama were hoping for a quick election-year turnaround in the jobless rate, the Federal Reserve burst his bubble today. The Fed projected unemployment will be at 8.6% at the end of 2012, not much better than the 9.1% registered in September of this year, reports the Wall Street Journal . The projections don't get remarkably better after that: The Fed sees the rate at 8% by the end of 2013 and 7.7% the following year. More»