The Joblessness Crisis as Long Joblessness Hangover

This morning, Kevin Drum flagged the UCLA Anderson Forecast, a quarterly release on national and California economic conditions. Ed Leamer, the head of the forecast and a UCLA economist, predicts that because there is little hope for a consumer-led recovery, unemployment will remain woefully high. He explains it More…

Long-Term Job Losses Demand Large-Scale Fix

While the national unemployment rate of 10.2 percent is a sobering reminder of the depth of this recession and the protracted timeline a recovery will take, the challenges posed by long-term unemployment are far greater.

“We are breaking every record post-Great Depression on long-term unemployment,” said Heidi Shierholz, an More…