Long time gone: The challenge of U.S unemployment
The Economist poses an important and pressing question: Can American labour policies face the challenge of long-term joblessness? As a matter of fact, statistics reveal that a far larger share of Americans remain out of work now than when the recession began in 2007. In November 2013 America’s unemployment rate was 7.0% – 2 percent higher than than its nitial 5% level. A debate is now surging around unemployment benefits and how they help the jobless and boost aggregate demand. Yet, beyond this debate lurks the darker shadow of U.S unemployment on the long term…
To read more, click here.
Image source
