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High Unemployment Means Workers Are Losing Power: David Leohardt

Unemployment Workers

First Posted: 01/19/11 08:28 AM ET Updated: 05/25/11 07:25 PM ET

nytimes.com:

For corporate America, the Great Recession is over. For the American work force, it's not.

Unfortunately, fixing the job market will take years. Even if job growth accelerated to the rapid pace of the late 1990s and remained there, the unemployment rate would not fall below 6 percent (which some economists consider full employment) until 2016. We could now be in only the first half of the longest stretch of high unemployment since World War II.

Read the whole story: nytimes.com

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Filed by Ryan McCarthy  |