The problem is far from solved. Nearly 4.8 million Americans have been out of work for more than six months, down from a peak of more than 6.5 million in 2010 but still a level without precedent since World War II.So things are actually getting better-but is it because of Obama's policies, or in spite of them?
The recent signs of progress mark a reversal from earlier in the recovery, when long-term unemployment proved resistant to improvement elsewhere in the labor market.
Total unemployment peaked in late 2009 and has dropped relatively steadily since then, while the number of long-term unemployed continued to rise into 2010 and then fell only slowly through much of 2011.
More recently, however, unemployment has fallen more quickly among the long-term jobless than among the broader population. In the past year, the number of long-term unemployed workers has dropped by 830,000, accounting for nearly the entire 843,000-person drop in overall joblessness.
Friday, January 11, 2013
At Long Last, A Recovery?
The job outlook may be finally improving:
What could go wrong? Constructed by the state nuclear power firm Rosatom, the 144 by 30 metre (472 by 98 foot) ship holds two reactors with ...
No cat or dog for you: Dog and cat slaughter is extremely rare in the U.S. and already prohibited in commercial slaughterhouses. But consump...
There is at leat one part of Venezuela's economy that's thriving: Many patients go to the Venezuelan border town of Puerto Ordaz to ...
Never let a year go to waste: Arizona Sen. Jeff Flake released part of a special Christmas-themed wastebook Friday, highlighting projects li...