"...More than four years after the recession officially ended, 11.5 million Americans are unemployed, many of them for years. Nearly 4 million have given up looking for work altogether. If they were actively looking, today’s unemployment rate would be 9.5 percent instead of 7.3 percent. ..The share of the population working or seeking a job is nearly its lowest in thirty years. The unemployment rate among high-school dropouts is 11 percent; for blacks, 12.6 percent....And the median wage keeps dropping, adjusted for inflation. Incomes for all but the top 1 percent are below where they were at the start of the economic recovery in 2009...."
Posted on: Sat, 07 Sep 2013 23:12:46 +0000
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