Stagnant labour market of USA

 

SEPTEMBER 28, 2011 Wednesday

Landing a Job Is Much Harder Now Than in 1990s

An unemployed person stands just a 17% chance of finding a job in the U.S., down from 30% during the 1994-2000 era of healthy economic growth, say Arjun Jayadev of the University of Massachusetts and Michael Konczal of the Roosevelt Institute. In the current economic climate, "entering the labor force and obtaining employment has become incredibly difficult," the researchers say.

Source: The stagnant labor market: some aspects of the bleak picture