Monday, December 27, 2010

Why Are Jobs So Hard to Come By?

James Surowiecki, The New Yorker
The recession has been over for more than a year now, but so many people are out of work that it doesn’t feel like much of a recovery. In November, the economy added just thirty-nine thousand jobs. The failure to translate G.D.P. growth into job growth has given us an unemployment rate that remains near ten per cent (twice what it was in 2007), and has swelled the ranks of the long-term unemployed. Why have new jobs been so hard to come by? One view blames cyclical economic factors: at times when everyone is cautious about spending, companies are slow to expand capacity and take on...

Source: http://www.realclearpolitics.com/2010/12/27/why_are_jobs_so_hard_to_come_by_247912.html

Michael Bennet Michelle Obama Mike Crapo Mike Enzi Mike Huckabee

No comments:

Post a Comment