On ABC's "This Week", Krugman warns not to celebrate last week’s unemployment data

Krugman was not optimistic about policymakers willingness to do anything going forward to improve the jobs picture.

“I would just say that the aftermath of a terrible financial crisis — this was the worst financial crisis since the 1930s, is always a prolonged period of weak growth,” Krugman said. “And the tragedy is that Washington has given up on the jobs picture. It’s not a failure of policy. I think the policy were undertaking made things less bad than they would have been but here we are still with a terrible unemployment rate, 37 weeks the averaged unemployed person is unemployed. And no interest in Washington about doing anything that would create jobs.”