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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.
Grouped Articles
90 Million Americans Not Working
Wall Street Journal 10/23/2013
Hiring Slowdown Blurs Growth View
Wall Street Journal 01/20/2014
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
New York Times 04/05/2012
Hiring Is Strong and Jobless Rate Declines to 6.1%
New York Times 07/03/2014
Vanguard economists estimate the cost of uncertainty in deficit reduction policy, uncertainty in monetary policy, uncertainty in foreign policy, uncertainty for business investment, places a drag on the U.S. economy of $261 billion. Stanford University economists Bloom and Baker and University of Chicago economist Davis have done work showing the level of uncertainty in 2011-2012 continuing into 2013 is about 50% higher than the level seen since 1985. Vanguard economsts based their analysis and estimates on this work and identified specific events leading to the overall uncertainty. This has cost the U.S. economy about 1 million jobs, with job growth being 45,000 per month higher without this overall uncertainty hanging over the economy, according to Vanguard estimates.
Grouped Articles
Uncertainty Is the Enemy of Recovery
Wall Street Journal 04/28/2013
Wall Street Journal 05/04/2013
Economy May Be Getting Its Wings Clipped
Wall Street Journal 07/30/2013
Wall Street Journal 08/01/2013
Weak Job Data May Weigh on Fedâs Decision on Stimulus
New York Times 10/22/2013
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
The U.S. Fed's chairman Bernanke says the Fed will keep rates low till unemployment reaches 6.5% citing "the tremendous waste in human potential" of high unemplyment rates. As long as inflation remains subdued at 2% the Fed will continue its current policy of low rates. In 2013 the Fed will continue bond buying at the rate of $85 billion a month. If unemployment drops to 6.5%, but this is because more people are dropping out of the labor market the Fed will take this into account, says Bernanke. The Fed will also keep an eye out for asset bubbles in the economy.
Grouped Articles
Stimulus and the Depression: The Untold Story
Wall Street Journal 09/26/2011
Fed Officials Try to Set the Market at Ease
Wall Street Journal 06/24/2013
Wall Street Journal 07/05/2013
Wall Street Journal 07/11/2013
FX HORIZONS: The Fed’s Risky Codependency with Markets
Wall Street Journal 07/11/2013
Bernanke Plays Down Link Between Jobless Rate, Fed Moves
Wall Street Journal 07/18/2013
The serious problem of the large number of long term unemployed persons in the U.S., very different from under any previous recession.
Grouped Articles
90 Million Americans Not Working
Wall Street Journal 10/23/2013
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
New York Times 04/05/2012
Wall Street Journal 04/05/2014
Hiring Rises, but Number of Jobless Stays High
New York Times 04/04/2014
The participation rate in the job market for men between 16-64 is dropping over time. It was 85% in the 1950's and has dropped continually after each recession. It is now at 65%. More and more men simply drop out of the labor market after failing to find jobs, creating a disturbing trend for the country. This does not show up in improving unemployment statistics.
Grouped Articles
Job Growth Eases Fears About Effect of Closing
New York Times 11/08/2013
Candid Criticism for Fed That Wasnât on the Agenda
New York Times 11/08/2013
Women Reach a Milestone in Job Market
Wall Street Journal 11/18/2013
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
Michael Spence and other experts discuss longer term solutions to the high unemployment facing the U.S.
Grouped Articles
Uncertainty Is the Enemy of Recovery
Wall Street Journal 04/28/2013
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
The world economy: Wealth without workers, workers without wealth
Economist 10/06/2014
Why the Old Jobs Aren't Coming Back
Wall Street Journal 06/24/2011
Middle-Aged Job Hunters Struggle in Weak Recovery
Wall Street Journal 07/30/2011
Grouped Articles
Jamie Dimon’s harried JPMorgan Chase pushes campaign for worker training - The Washington Post
Washington Post 01/03/2014
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
Piecing Together the Job-Picture Puzzle
Wall Street Journal 03/12/2012
Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
The world economy: Wealth without workers, workers without wealth
Economist 10/06/2014
With 40% of the unemployed in the U.S. shown as long term unemployed, mismatch in skills and other structural problems with unemployment, the U.S. Federal Reserve policies of Fed chairman Bernanke are geared to addressing this problem.
Grouped Articles
Stimulus and the Depression: The Untold Story
Wall Street Journal 09/26/2011
Fed Officials Try to Set the Market at Ease
Wall Street Journal 06/24/2013
Wall Street Journal 07/11/2013
FX HORIZONS: The Fed’s Risky Codependency with Markets
Wall Street Journal 07/11/2013
Bernanke Plays Down Link Between Jobless Rate, Fed Moves
Wall Street Journal 07/18/2013
Economy May Be Getting Its Wings Clipped
Wall Street Journal 07/30/2013
Grouped Articles
Job Growth Eases Fears About Effect of Closing
New York Times 11/08/2013
Blurry Jobs Report Won't Let Fed Focus on Taper
Wall Street Journal 11/09/2013
Women Reach a Milestone in Job Market
Wall Street Journal 11/18/2013
Employers Gain Confidence to Hire
Wall Street Journal 12/07/2013
Hiring Slowdown Blurs Growth View
Wall Street Journal 01/20/2014
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
Grouped Articles
Don’t Expect Job Data Alone to Persuade Fed on Rates
New York Times 01/23/2014
A Fed Policy Maker, Changing His Mind, Urges More Stimulus
New York Times 01/27/2014
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
Wall Street Journal 02/08/2014
Fed's Yellen Sets Course for Steady Bond-Buy Cuts
Wall Street Journal 02/12/2014
Grouped Articles
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
Longer Unemployment for Those 45 and Older
New York Times 04/13/2009
For Middle-Aged Job Seekers, a Long Road Back
Wall Street Journal 06/23/2012
Mortimer Zuckerman: Those Jobless Numbers Are Even Worse Than They Look
Wall Street Journal 09/07/2012
Wall Street Journal 12/13/2012
Grouped Articles
Wall Street Journal 09/14/2011
New York Times 06/22/2013
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
Wall Street Journal 08/12/2013
Wall Street Journal 09/17/2010
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
Grouped Articles
Job Growth Eases Fears About Effect of Closing
New York Times 11/08/2013
Candid Criticism for Fed That Wasnât on the Agenda
New York Times 11/08/2013
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
New York Times 04/05/2012
Takeaways From the Monthly Jobs Report
Wall Street Journal 04/05/2014
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