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Mystery for the White House: Where did the Jobs Go?
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Hubbard, Blinder, Romer and other economists are at a loss to explain the high rate of unemploymment and the lack of a recovery in jobs. Differences on how to address the problem from tax breaks to small business (Hubbard) to New Deal type employment for the jobless (Blinder).
Fragility of social cohesion in the U.S. with unemployment concentrated in the lower middle and working classes.
03/11/2009
Figures from the Center of Labor Market Studies of Northeastern University in Boston showing unemployment of 9% in the $40,000 to $50,000 annual household income group and going up to 31% at the lowest income group. Higher inequality as differences in education between lower income and higher income Americans grows. The problem of the long term unemployed is a serious one.
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The Food Stamp Program with 10-17% unemployment in different states in the USA.
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Mystery for the White House: Where did the Jobs Go?
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Rising Unemployment in the U.S. in 2010.
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Mystery for the White House: Where did the Jobs Go?
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Congressman DeFazio call for more attention to unemployment by the Obama administration.
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De Fazio says he is hearing a lot of things from his constituents that the Obama administration is paying 90% of its attention to Wall Street and only 10% to the problems of ordinary Americans losing jobs and homes.
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Mystery for the White House: Where did the Jobs Go?
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Why high unemployment in the U.S. is expected for 2010-2014
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Structural problems like a mismatch of skills between maufacturing and construction sectors worst hit since 2008 and growing sectors like healthcare is one problem. Geographic factors and difficulty selling homes in states like Michigan is another. The tighter credit from a return of banking sector losses from bad home equity loans that is expected in late 2010 will keep the recovery from taking hold keeping unemployment high. The economic uncertainty following repeated budget battles between political parties also affects business investment.
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90 Million Americans Not Working
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