The Crisis in the U.S. Labor Market

dsausa.org by Bill Barclay | Sep. 16, 2010 (Opinion)

The scope of the unemployment problem is just the first issue any serious jobs program must address. Less widely recognized but equally important is the lengthened duration of unemployment. Not only are the job losses incurred in the Great Recession the most extensive since the 1930’s, the average duration of unemployment has sharply increased compared with other post-WWII recessions. As of July 2010, almost 45 percent of the unemployed were ... Full Story »

Posted by Dwight Rousu

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Subjects: U.S., Business
Topics: U.S. Economy, Labor, Jobs
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# Tweets: 0 (as of 2010-09-16)
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Posted by: Posted by Dwight Rousu - Sep 16, 2010 - 1:47 AM PDT
Reviewed by: Dwight Rousu (review), Preston Watts (review), Katie Boswell (review)
Content Type: Article
Edit Lock: This story can be edited
Edited by: Dwight Rousu - Sep 17, 2010 - 11:01 AM PDT

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Katie Boswell
3.9
 by Katie Boswell - Sep. 17, 2010

Detailed consideration of the crisis in the US labor market, going beyond mainstream coverage of the number of unemployed to analyse deeper trends, historical perspectives and proposed solutions. Also raises the broader question of "the purpose of economic growth" and argues for the centrality of job creation in this. Recommended reading for those who wish to understand the crisis in more depth.

“But then what is the purpose of an economy? Is it not first and foremost to provide useful and remunerative work for those who labor?” More »

See Full Review » (19 answers)
Dwight Rousu
3.7
 by Dwight Rousu - Sep. 17, 2010

The article more fully expands on the nature and length of unemployment. Much of this is not reported in the manipulated sound-byte reported summary statistics on unemployment.

Dwight posted this story.
See Full Review » (11 answers)
Preston Watts
2.0
 by Preston Watts - Sep. 16, 2010
See Full Review » (9 answers)

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