South By North Strategies, Ltd.

Mike Konczal points out that  a “lost decade” for jobs is built one month at a time.

… many continue to argue whether this month was good or that month was off. But stepping back, it looks to have been a lost year since last September [2010]. In general, we are below the number of jobs our economy can produce, leaving millions unemployed and unproductive. We are treading water with no hopes of serious moves in fiscal, monetary, and housing policies that could kick the economy and get it moving again. When we wonder how a lost decade can pass, remember that a decade is just a series of months one after the other, a series of months where it’s never quite bad enough to jolt action, compiled into years that are tossed down the drain.