Economic Report: Historic U.S. Jobs Crisis Won't End Without Big Changes In Economic Policy- 07/30/10
Submitted by Doug Cunningham on July 29, 2010 - 3:23pm
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By Doug Cunningham
The Congressional Budget Office says absent a major jobs program U.S. workers won’t see pre-recession employment levels return until the end of 2013. 14 million people are jobless. According to the Center for Economic and Policy Research it will be 2021 before enough U.S. jobs are created to catch up to the expanding workforce. Economists at the center and at the Economic Policy Institute agree with organized labor that a big jobs program and dramatic shifts in economic policy are needed to overcome this historic jobs crisis.
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