Friday, April 16, 2010

Broken Jobs Machine

"[N]early a quarter of the nation's 15 million unemployed workers have been jobless for a year or more."

Bob Hebert, "A Different Culture," The New York Times, April 12, 2010.

"[C]ollege education has not been much of a defense against long-term unemployment. 'Twenty-one percent of unemployed workers with bachelor's degree have been out of work for a year or longer compared to 27 percent of unemployed high school graduates and 23 percent of unemployed high school dropouts.'"

"Ms Pelosi spoke about 'job creation' with a tone of urgency and commitment and seemed undeterred by the fact that a big new jobs bill seems hardly feasible in the current political environment."

What then?

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