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The Crisis of Long-Term Unemployment

This week, Jesse Rothstein, the chief economist at the Labor Department, spoke at the Economic Policy Institute, and the organization just posted the slides.

Jul 31, 202027.7K Shares990.6K Views
This week, Jesse Rothstein, the chief economist at the Labor Department, spoke at the Economic Policy Institute, and the organization just postedthe slides. Congress is losing its stomach for funding extended benefits. But, as the slides show, long-term unemploymentremains a major problem.
LTU-479x366.png
LTU-479x366.png
The chart underscores this point: For the economy to really start improving, hiring needs to be much stronger and the unemployment rate needs to start dropping much more quickly.
Paula M. Graham

Paula M. Graham

Reviewer
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