Economists Henry Siu and Nir Jaimovich point out that since the end of the Great Recession in June 2009, U.S. real GDP per capita has grown by 3.6% but per capita employment has fallen by 1.8%. They argue that jobless recoveries “can be traced to a lack of recovery in a subset of occupations; those that focus on “routine” or repetitive tasks that are increasingly being performed by machines.”
full articleTwo-thirds (66%) of college seniors who graduated in 2011 had student loan debt, with an average of...
With U.S. and global growth slowing, Federal Reserve chairman Ben Bernanke is pumping more money...
If Congress cannot negotiate a compromise to avoid the so-called fiscal cliff, one result would be...
Some have claimed that the fiscal cliff threatens doom for state and local governments-are they ...