The labor market remains badly damaged from the Great Recession. In November 2013, the labor force participation rate was 63 percent, the lowest since 1978 when Jimmy Carter was president. Most tragically, more than 4 million American workers have been unemployed for six months or longer. AEI's Michael Strain makes the following recommendations to get the labor market moving again.
The labor market remains badly damaged from the Great Recession. In November 2013, the labor force participation rate was 63 percent, the lowest since 1978 when Jimmy Carter was president. Most tragically, more than 4 million American workers have been unemployed for six months or longer. AEI's Michael Strain makes the following recommendations to get the labor market moving again.