To the Point
Is a 'Jobless Recovery' Not a Recovery after All?
Healthcare reform and Afghanistan are getting the headlines, but President Obama's biggest challenge could be creating jobs. The US economy needs 100,000 new jobs every month just to keep up with growth in the population. Instead, more than 200,000 a month are disappearing.
By Warren Olney • • 1 min readHealthcare reform and Afghanistan are getting the headlines, but President Obama's biggest challenge could be creating jobs. The US economy needs 100,000 new jobs every month just to keep up with growth in the population. Instead, more than 200,000 a month are disappearing. Despite talk about economic "recovery," unemployment's at 9.8 percent, the highest in more than 25 years. Full employment isn't likely again until 2017. We hear what it's like to get laid off and how hard is it to get re-hired. What happened to that economic stimulus money? What can the government do now? Instead of promoting a quick fix, should the focus be on new jobs with long-term usefulness to American society?
