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Download full textShierholz, Heidi; Edwards, Kathryn Anne – Economic Policy Institute, 2011
The Great Recession left a crater in the labor market that has been devastating for unemployed Americans of all ages. After more than two years of unemployment at well over 8%, there is a hole of more than 11 million jobs, with average spells of unemployment lasting nearly nine months. The weak labor market has been particularly tough on young…
Descriptors: College Graduates, Employment Patterns, Public Policy, Labor Market
Bivens, Josh; Edwards, Kathryn Anne; Hertel-Fernandez, Alexander; Turner, Anna – Economic Policy Institute, 2010
It will take years for the labor market to recover from the damage induced by the recent recession. While monthly job losses almost surely peaked in 2009, the unemployment rate will likely peak in 2010 (CBO 2010a). In April, the unemployment rate reached 9.9% and the overall economic cause is simple: firms are not hiring quickly enough, as…
Descriptors: Employment Patterns, Young Adults, Public Policy, Labor Market
