Don’t Worry. The Economy Will Be Alright.

(CNN) — With little good news coming out of Wall Street or Washington, President Barack Obama plans to tout his administration’s role in an economic renaissance percolating along the west coast of Michigan during a scheduled visit Thursday.

America is saved! Holland,Mi is percolating and the good times are here again!


Read the rest here.

And the city has an unemployment rate of only 9%.  That is great. It is also almost assuredly wrong, of course. Those sorts of figures tend not to include some groups that would bump it higher. The groups include those who have stopped looking for work (marginally-attached) and those who are working well below their education and ability level. (underemployed/involuntary part-time). Basically a lawyer working retail. This takes the job from someone who could actually use it. On the other hand lawyers being kept out of the courtroom probably doesn’t hurt. However it does mean that someone with debt from college will be stuck with it for some time.

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