America’s Jobless Future [Headlines]
The recession has had the biggest impact on the American economy since the Great Depression.
Since its peak in 2007, the U.S. economy has lost almost 7 million jobs. Although the economy has begun to recover, jobs have been slow to return. Recent job growth has not been enough to keep up with growth in the country’s population. As Catherine Rampell’s comparative recession chart shows, this latest recession has had a deeper and more enduring impact on employment than any other economic downturn since the Great Depression. The official unemployment rate is still more than 9%. By the broadest measures about 16% of the civilian work force is underemployed. What if those jobs never come back? Big Think