Our Unemployment Rate Stinks.  Could be Worse.

According to the latest labor statistics, our national rate of unemployment is now 6.7 percent.   We regained all the jobs lost since 2008.   Whoopie.   In Spain for a conference last week, I asked a Portuguese colleague how his country's recovery was progressing.  Better, he said.  Unemployment has gone down to about 16 percent.  Europeans have just gotten used to this.