News
Bloomberg | Workers Lacking Skills Hinder More U.S. Factory Gains: Economy
Paul Bonin has no problem getting enough orders to keep his South Bend, Indiana, factory busy. What he can’t find are enough qualified employees to work on the assembly lines.
Econ Comments & Analysis
AEI | The human disaster of unemployment
In 2007, before the Great Recession, people who were looking for work for more than six months — the definition of long-term unemployment — accounted for just 0.8 percent of the labor force. The recession has radically changed this picture. In 2010, the long-term unemployed accounted for 4.2 percent of the work force.
Washington Times | A permanent underclass
The official unemployment rate is 8.1 percent, but the turmoil in the American labor market is worse than that number suggests. Bad policy and economic circumstances are combining to create a European-style permanent underclass on our shores.
