Is the US Jobs Crisis Here to Stay?
Is the US Jobs Crisis Here to Stay? John Talton of the Seatle Times reports, Why the US is in a jobs crisis: The situation is nicely encapsulated by economist Nouriel Roubini’s tweet this morning: “US economy now close to stall speed. From anemic recovery to tipping point to stall speed and growth recession. Is a double dip next?” The economy only created 54,000 jobs last month. It takes between 125,000 to 150,000 net new jobs a month just to keep up with the organic numbers of people entering the labor force, much less make up for the … Read more