The Wall Street Journal of June 2 had an article titled “Chronic Joblessness Takes Toll.”
I have written extensively about the unemployment situation for a number of reasons. Perhaps chief among these reasons is that I believe the situation is far worse than generally acknowledged.
While it is easy to dismiss the unemployment problem with glib statements or convoluted reasoning, I believe the issue is very complex and threatening. As seen in the aforementioned Wall Street Journal article, as well as various charts shown on this blog, there is little doubt that from a long-term historical perspective our unemployment problems are outsized. Additionally, there are many facets of our unemployment situation that go unrecognized yet are exceedingly important.
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Last year I wrote a series of blog posts titled “Why Aren’t Companies Hiring?” which contains many of my thoughts on the issue.
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