Analysis: U.S. is increasingly locked into long-term unemployment

01/19/2010 | Economist (free content), The

There seems to be little hope of escape from a truly jobless recovery, given the dismal rate of job creation in the U.S., according to The Economist. The population grew by almost 30 million between December 1999 and December 2009, but at the end of that period, only 400,000 more Americans had jobs. "Without job growth, household indebtedness will linger as a problem, depressing spending and hiring," according to The Economist. "Joblessness is a trap the American labor force may not soon escape."

View Full Article in:

Economist (free content), The

Published in Brief: