[CHRIS] ARNOLD: In other words, without the rest of the economy doing better, will the recovery in the jobs market stall out?

Lawrence Katz says that idea is troubling, because even the job growth that we're seeing right now isn't great and we need it to get much stronger.

[LAWRENCE] KATZ: Even if we had a very rapid recovery, we have a huge distance to go still. We are still 10 million jobs behind. So it would take basically four years of strong job growth to get back to a normally functioning labor market.

ARNOLD: So slower job growth would mean an even longer period of high unemployment and economic hardship for millions of Americans.

Read or listen to it all.

Filed under: * Culture-Watch • History • * Economics, Politics • Economy • Labor/Labor Unions/Labor Market • The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- • The U.S. Government • Federal Reserve

The URL for this article is http://www.kendallharmon.net/t19/index.php/t19/article/41723/

© 2013 Kendall S. Harmon. All rights reserved.

For original material from Titusonenine (such as articles and commentary by Dr. Harmon) permission to copy and distribute free of charge is granted, provided this notice, the logo, and the web site address are visible on all copies. For permission for use in for-profit publications, please email KSHarmon[at]mindspring[dot]com