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UB economics professor emeritus Larry Southwick says the number of unemployed workers has come down, the number of discouraged workers, those not considered in the labor force but looking for work has gone up. "It goes from an adjustment of 12.2 to 11.25 percent. I don't know if that's really that significant," says Southwick.
It's one reason why he believes the economy's direction is neither up nor down. "I can't say that it's gotten much growth, I don't see it declining much into recession. But I don't see this into a boom term in the near future," believes Southwick. He suggests stablizing the culture of regulations for business to encourage growth. "A former student told me he didn't worry about regulations, just don't change them because we have a hard time adjusting," he recalls.
Diana Furchtgott-Roth, author of "Regulating to DIsaster: How Green Jobs Policies Are Damaging America's Economy," says the report surprised the experts. "The change in the unemployment for people who don't have a high school diploma is down by .7 percent, while those with a B. A. remained unchanged," says Furchtgott-Roth. She says people are happy with the 7.8 percent unemployment, but she notes in 2006 that rate was 5.8 percent.
Furchtgott-Roth warns fundamental tax reform is necessary to stave the economy going off the fiscal cliff. "We have a very slow growth rate, and we need to have more economic growth," she says. "With such slow economic growth, we need to reform the tax code to be more efficient, fairer, and generate more economic growth." Furchtgott-Roth says without it, taxes will rise for everyone come January 1st, and the Congressional Budget Office, says that could lead to another recession.
It's one reason why he believes the economy's direction is neither up nor down. "I can't say that it's gotten much growth, I don't see it declining much into recession. But I don't see this into a boom term in the near future," believes Southwick. He suggests stablizing the culture of regulations for business to encourage growth. "A former student told me he didn't worry about regulations, just don't change them because we have a hard time adjusting," he recalls.
Diana Furchtgott-Roth, author of "Regulating to DIsaster: How Green Jobs Policies Are Damaging America's Economy," says the report surprised the experts. "The change in the unemployment for people who don't have a high school diploma is down by .7 percent, while those with a B. A. remained unchanged," says Furchtgott-Roth. She says people are happy with the 7.8 percent unemployment, but she notes in 2006 that rate was 5.8 percent.
Furchtgott-Roth warns fundamental tax reform is necessary to stave the economy going off the fiscal cliff. "We have a very slow growth rate, and we need to have more economic growth," she says. "With such slow economic growth, we need to reform the tax code to be more efficient, fairer, and generate more economic growth." Furchtgott-Roth says without it, taxes will rise for everyone come January 1st, and the Congressional Budget Office, says that could lead to another recession.